Build-to-rent (BTR) investor and operator, Livingway, has secured £36.4m in build-to-rent investment across three residential facilities from STB Real Estate Finance.
The three-year funding will support three BTR assets, including ROCO, a residential scheme in Liverpool city centre.
The facilities are structured at 65% loan-to-value, with a temporary increase to 70% LTV built in through bespoke structuring tailored to Livingway's requirements. This flexibility reflects a broader focus on relationship-led lending in the sector.
The transaction marks a new relationship between STB Real Estate Finance and Livingway, following discussions that first began in early 2025. Livingway chose STB for its relationship-led approach to structuring complex facilities, a factor that shaped how the deal came together.
Located on James Street in the heart of Liverpool, ROCO offers fully furnished apartments alongside a range of amenities:
- Co-working spaces
- Wellness facilities
- Communal lounges
"We are pleased to partner with STB," said Nigel Fisch, chief executive officer at Livingway.
"This deal represents an important step for Livingway as we continue to grow our portfolio across key regional cities. From the outset, STB understood both our operational model and the importance we place on resident experience.
"This allowed us to structure facilities that aligned with our long-term objectives of meeting the needs of today's renters and to create homes which supply exemplary living spaces and unique experiences, empowering our residents to be together and live life."
Mike Feasey, relationship director at STB Real Estate Finance, pointed to the strength of Livingway's operational model as a key factor in the deal. "Livingway has built a compelling operational model within the BTR sector, underpinned by a genuine resident-first approach and a strong long-term vision for the portfolio," he said.
"It was clear that flexibility and collaboration would be key to delivering the right outcome, so we worked closely with the client to structure facilities that supported its objectives while reflecting the strength of the underlying assets and business model. This is a great example of the relationship-led approach we pride ourselves on at STB, and we look forward to supporting Livingway as the portfolio continues to grow."
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