The funding has been provided to MCR Property Group, over a 15-month term, to refinance Parham Student Village.

This loan was completed in 19 working days, with operational plans already in place with Flow Student, MCR’s student operator that runs the site.

“We are delighted to support MCR with the financing to develop and refurbish this existing PBSA asset,” said Matthew-Blaine Young, head of origination at Atelier.

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“Our team delivered on our clients’ need for efficiency on this deal, with a transaction time of only 19 days.

“Excellent communication and collaboration between all teams made this possible”.

David Tracey, COO at MCR Property Group, added: “This was our first transaction with Atelier and they were extraordinary in both service and delivery.

“The team demonstrated a clear commercial understanding of the PBSA sector, combined with a disciplined and responsive approach to loan structuring.”