Cornerstone Real Estate Advisers has provided a £124 million ($204 million; €149 million) senior loan to UK developer UNITE Group.
The loan has a term of 10 years, with a loan-to-value ratio of 50 percent. It is secured against a portfolio of four student accommodation properties in London, Bristol, Sheffield and Coventry which together have more than 3,000 beds, according to a Cornerstone statement confirming the deal.
