The firm said the finance will be offered to “experienced developers and support projects in established university locations” across England and Wales.
Loans are available for new builds, conversions and refurbishments, with committed terms of up to 60 months.
This supports all project phases, including acquisition, development, stabilisation, and the investment period.
Loan sizes range from £7.5m to £35m and go up to 65% loan to gross development value (LTGDV) and up to 85% loan to cost (LTC). Planning gain and project phasing are considered.
Adam Bovingdon, head of property development at UTB, said: “The UK PBSA sector presents exciting opportunities to developers and for UTB in supporting schemes [that] will help to address the shortage of good-quality student accommodation.
How we built a limited company proposition around brokers’ needs
Sponsored by BM Solutions
“We look forward to supporting experienced developers and operators from initial land or building acquisition, through construction and stabilisation and into a long-term interest-only investment loan.
“This end-to-end solution simplifies the finances for PBSA developers, enabling them to concentrate on delivering successful schemes, without the need to switch lenders. I am confident that our new offering will be warmly received by the market, enabling many high-quality new homes for students over the coming years.”
