Maslow Capital completed a £21m developer exit loan to support CKC Properties with their recently delivered, operational Purpose-Built Student Accommodation (PBSA) scheme in Brighton.
This bridging loan will refinance existing debt secured against the asset, enabling CKC Properties to optimise the asset’s performance during the peak letting period, maximising its income-generating potential and enhancing its value ahead of an eventual sale.
Located between the University of Sussex and the University of Brighton – two leading institutions in one of the UK’s premier student cities – the asset consists of three purpose-built blocks spread across three and four storeys. The property offers 134 modern ensuite studios, along with extensive communal amenities.
Adam Ware, Director of Structured Finance at Maslow Capital, commented:
“This £21m facility provides CKC Properties with the headroom to refinance the scheme, stabilise occupancy during the peak letting season and prepare the asset for its next phase. We are pleased to support the team at this pivotal stage in the project’s lifecycle. Although the facility sits at the higher end of the bridging spectrum, we remain committed to financing across the full ticket-size range – from granular loans of £300k upwards – backed by a specialist team with extensive experience in small and large deals.”
Geoff Thomas, CEO at CKC Properties, commented:
“Maslow’s flexibility and understanding of our objectives were instrumental in completing this transaction. Their approach aligned seamlessly with our business plan and provided the certainty we needed to move confidently into the next stage of the asset’s lifecycle. We value their partnership and look forward to future collaborations.”
John Kerrigan, Partner at Beckford Advisory commented:
“We are proud to have worked alongside CKC Properties and Maslow Capital on this deal. The transaction required a reliable lender with a clear understanding of the asset’s potential and the ability to act decisively, and Maslow delivered on all fronts. Their involvement will provide operational stability, enhance returns on investment and strengthen our clients’ position in an increasingly competitive market.”
