Catalyst Funds £7.475m student accommodation refinance

Catalyst, a leading UK specialist property finance lender, is pleased to announce the completion of a £7.475m term buy-to-let refinance for an experienced regional property developer.

The loan, introduced by an intermediary partner, will refinance an existing debt facility on a 100+ unit student accommodation block, a stunning Grade II listed building in Newcastle City Centre.

The property, valued at £12.5m, generates a substantial income of over £1m annually.

This refinance transaction underscores Catalyst’s commitment to supporting brokers and experienced developers with bespoke funding solutions tailored to their specific needs.

Chris Fairfax, CEO at Catalyst, says: 

“We are delighted to have once again partnered with this broker and their developer client.

Initially, the broker introduced the client to us for a short-term loan to purchase the property; after successful acquisition, they moved onto Catalyst refurbishment finance to develop the student accommodation.

With the works completed, they have refinanced the project on our term loan to retain within their rental portfolio.

This refinance demonstrates Catalyst’s ability to provide flexible and efficient funding solutions for complex property transactions.

We look forward to continuing our strong relationship with the broker and borrower, supporting their future growth.”