Six Degrees Student Accommodation
Development finance
Taj Ubhi has previous experience managing 60 buy-to-let properties around Nottinghamshire and Derby.
With planning permission already in place, the loan Taj received from our investors was used to build the four-storey, 46-bed student accommodation development called Six Degrees on time. He worked with the best contractors and advisors to complete this successful build.
£1.5m
Amount Lent
24 Months
Loan Term
50%
LTGDV
The loan was paid back in full, with the appropriate interest. Taj is now managing the student accommodation, and has subsequently also applied for a further loan with Assetz Capital through his other company to purchase street properties in Nottingham and the East Midlands area.
“The banks weren’t helpful so I was forced to look for another way to finance the deal. The Assetz Capital team were fantastic and I have absolute belief in what they are developing, so it was great to see every aspect of this finance deal come off to perfection. I will definitely seek funding through peer-to-peer for future developments.”