Parameters
Asset type Co-living, BTR
Loan size From £10m up to £300m
Maximum gearing Up to 90% of cost & 70% of GDV
Margins from 3.8%
We consider each potential development project on its own merits but below gives an indication of some key considerations when appraising a new PRS scheme.
- Borrower experience in the private rented sector
- Location of the scheme
- Appropriateness of the scheme’s unit composition and size of units
- Level of amenities and overall service offering which will be provided to residents
- Operator experience
- Viability of exit plan e.g. refinance or sale
"The Private Rented Sector has experienced significant growth in recent years, with its trajectory demonstrating that this growth is set to continue. At Maslow, we are committed to supporting PRS schemes, in part thanks to our understanding of the sectors defensive qualities which offer investors low income volatility over a long-term investment horizon."