The facility refinances the existing lender and supports continued investment across the growing YourTRIBE platform.

The transaction builds on Investec's relationship with the wider borrower group and marks Investec's second completed deal with YourTRIBE following its earlier £37m facility for the group's South Bermondsey PBSA scheme.

The asset is already trading with students in occupation and is located close to Elephant & Castle Underground Station.

Ian Burdett, real estate at Investec, said: “This transaction reflects Investec’s long-standing relationship with the YourTRIBE borrower group and its continued support for the business as it expands across the London PBSA market.

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“The senior investment facility provides YourTRIBE with certainty of execution and helps refinance a high-quality, newly completed asset, while supporting the next stage of growth for its platform.”

James Rogers, investment director at YourTRIBE, said: “Investec has delivered a facility that aligns perfectly with our capital requirements and growth plans.

“The Elephant & Castle scheme represents exactly what we aim to deliver; professionally managed, well-located accommodation serving London's undersupplied student market.

“We're pleased to deepen our partnership with a lender that understands the fundamentals of the sector and the opportunity ahead for YourTRIBE.”