Tajinder Ubhi has previous experience managing 60 buy-to-let properties around Nottinghamshire and Derby.
With planning permission already in place, the loan Tajinder 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.
Tajinder Ubhi, Owner of Six Degrees Student Accommodation:
“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”
David Penston, Managing Director, Property Loans:
“I was incredibly impressed with what Taj achieved – he brought the building in on time, on budget and let it to students at above the originally anticipated rental level. It is an attractive building and we are proud to have been able to assist in funding its construction.”
The loan was paid back in full, with the appropriate interest. Tajinder 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.
Total Borrowed (Approx) : £1.5m
Average Amount Lent (Approx): £13k