{"id":8870,"date":"2026-03-01T05:02:27","date_gmt":"2026-03-01T05:02:27","guid":{"rendered":"https:\/\/second-home.uk\/?p=8870"},"modified":"2026-03-01T05:02:27","modified_gmt":"2026-03-01T05:02:27","slug":"glenhawk-provides-11-7m-refinance-for-aberdeen-student-scheme","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=8870","title":{"rendered":"Glenhawk provides \u00a311.7m refinance for Aberdeen student scheme"},"content":{"rendered":"<p>Short-term lender Glenhawk has completed an \u00a311.7m refinance loan for a newly built purpose-built student accommodation (PBSA) development in Aberdeen, Scotland.<\/p>\n<p>The two-year loan replaces an existing development finance facility for the scheme, which was experiencing temporary under-occupancy issues. The borrower required additional time to appoint a new managing agent and implement strategies to increase occupancy levels and rental income.<\/p>\n<h2>Loan structure<\/h2>\n<p>Glenhawk structured the \u00a311.7m facility with an interest arrangement designed to align with projected letting improvements. The financing allows the borrower to execute their occupancy recovery plan while managing cash flow during the transition period.<\/p>\n<p><!--   \t\t  \t\t\t \t\t\t\tgoogletag.cmd.push(function() { googletag.display(\"div-gpt-ad-1715620536068-0\"); }); \t\t\t  \t\t  \t -->  \t <\/p>\n<p>Chris Daly, managing director of structured real estate at Glenhawk, said: \u201cThe borrower needed to work with a lender that has experience within the PBSA sector, and can get to grips with the nuances and unique challenges this form of investment can provide.\u201d<\/p>\n<h2>Student accommodation market<\/h2>\n<p>The transaction highlights ongoing challenges in the Scottish student accommodation market, where new schemes can face occupancy pressures during initial letting phases. Aberdeen\u2019s student housing sector has experienced fluctuations in recent years, influenced by changes in university enrolment patterns and competition from alternative accommodation providers.<\/p>\n<p>The deal represents Glenhawk\u2019s continued activity in the PBSA refinance sector, targeting borrowers requiring short-term bridging solutions while stabilising asset performance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Short-term lender Glenhawk has completed an \u00a311.7m refinance loan for a newly built purpose-built student accommodation (PBSA) development in Aberdeen, Scotland. The two-year loan replaces an existing development finance facility for the scheme, which was experiencing temporary under-occupancy issues. The borrower required additional time to appoint a new managing agent and implement strategies to increase [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":8871,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-8870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Glenhawk provides \u00a311.7m refinance for Aberdeen student scheme - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk\/glenhawk-provides-11-7m-refinance-for-aberdeen-student-scheme\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Glenhawk provides \u00a311.7m refinance for Aberdeen student scheme - Second Home\" \/>\n<meta property=\"og:description\" content=\"Short-term lender Glenhawk has completed an \u00a311.7m refinance loan for a newly built purpose-built student accommodation (PBSA) development in Aberdeen, Scotland. The two-year loan replaces an existing development finance facility for the scheme, which was experiencing temporary under-occupancy issues. The borrower required additional time to appoint a new managing agent and implement strategies to increase [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.propertywire.com\/news\/uk\/glenhawk-provides-11-7m-refinance-for-aberdeen-student-scheme\/\" \/>\n<meta property=\"og:site_name\" content=\"Second Home\" \/>\n<meta property=\"article:published_time\" content=\"2026-03-01T05:02:27+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/second-home.uk\/wp-content\/uploads\/2026\/03\/property-news-1772107248497.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"2560\" \/>\n\t<meta property=\"og:image:height\" content=\"1440\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.propertywire.com\\\/news\\\/uk\\\/glenhawk-provides-11-7m-refinance-for-aberdeen-student-scheme\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/second-home.uk\\\/?p=8870\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/second-home.uk\\\/#\\\/schema\\\/person\\\/4d1b4955add7c14742a3be9aaae12292\"},\"headline\":\"Glenhawk provides \u00a311.7m refinance for Aberdeen student scheme\",\"datePublished\":\"2026-03-01T05:02:27+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/second-home.uk\\\/?p=8870\"},\"wordCount\":219,\"image\":{\"@id\":\"https:\\\/\\\/www.propertywire.com\\\/news\\\/uk\\\/glenhawk-provides-11-7m-refinance-for-aberdeen-student-scheme\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/second-home.uk\\\/wp-content\\\/uploads\\\/2026\\\/03\\\/property-news-1772107248497.jpg\",\"articleSection\":[\"Second Home\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/second-home.uk\\\/?p=8870\",\"url\":\"https:\\\/\\\/www.propertywire.com\\\/news\\\/uk\\\/glenhawk-provides-11-7m-refinance-for-aberdeen-student-scheme\\\/\",\"name\":\"Glenhawk provides \u00a311.7m refinance for Aberdeen student scheme - 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