Model your capital stack
Adjust assumptions below. For market rate and LTV context, see PBSA finance rates. For how lenders underwrite loans, see student accommodation loans.
Indicative only. This is not a finance offer, credit approval, valuation, or regulated advice. Actual lender terms depend on asset quality, income profile, sponsor strength, operator, lease structure, and due diligence.
Indicative outputs
Indicative cover is above your target threshold.
Indicative debt headroom at target cover: £1,427,056.
How to use the outputs
Treat senior loan, mezzanine, equity, and cover as a first pass before a formal credit process. If cover is below target, lower leverage, improve NOI assumptions, or accept more equity. If cover is comfortable, shortlist lenders and prepare rent roll and operator evidence.
Ready to talk through a live scheme? Discuss finance with asset location, beds, amount, and timeline.
FAQs
What does the PBSA finance calculator estimate?
It estimates senior loan amount, optional mezzanine, total debt, equity required, annual interest cost, blended rate, net initial yield, and interest cover from your asset value, NOI, LTV, and rate assumptions.
Is this a live lender quote?
No. Outputs are indicative for planning only. Actual terms depend on city, asset quality, operator, sponsor, lease structure, SONIA, and lender appetite.
Should I use senior only or senior plus mezzanine?
Use the presets to compare. Senior alone is typical for stabilised assets with enough equity. Adding mezzanine increases total leverage and interest cost — useful when equity is tight, not as permanent cheap capital.
What interest cover should I target?
Many PBSA lenders underwrite around 1.25x–1.50x DSCR on stabilised NOI. The calculator defaults to 1.30x so you can see headroom or shortfall against that threshold.