# Trust refinances vacant school property for working capital

Case study · United Kingdom · Published 2022-02-07 · Updated 2026-06-18 · By Rikvin Capital

> Location: London, United Kingdom Market Value: £12,000,000 Loan Amount: £5,000,000

## Deal summary

| | |
| --- | --- |
| Asset Type | Private School |
| Locations | London, United Kingdom |
| Loan Amount | £5,000,000 |
| Loan-to-Value | 40% |
| Market Value | £12,000,000 |
| Duration of Loan | 18 Months |
| Payment Schedule | Monthly |
| Completion Time | 2 weeks |

A trust in London has secured working capital from rikvin capital to refinancing a vacant school property. By leveraging the value of the property, the trust was able to obtain the necessary funds to support its operations and pursue new opportunities. The refinancing allowed the trust to take advantage of favorable market conditions and secure a favorable loan rate, providing a boost to its financial position. With the additional capital, the trust is well-positioned to continue its mission and support the communities it serves.

**Related:** [Read about when Rikvin Capital helped an entrepreneur leverage industrial property to expand operations](https://www.rikvincapital.com/case-study/entrepreneur-leverages-industrial-property-to-expand-operations/)

- **Location:** London, United Kingdom
- **Market Value:** £12,000,000
- **Loan Amount:** £5,000,000
- **Loan-to-Value:** 40%
- **Duration of Loan:** 18 Months
- **Payment Schedule:** Monthly
- **Asset Type:** Private School
- **Completion Time:** 2 weeks

## Frequently asked questions

### My trust holds a vacant or specialist UK property. Can I borrow against it?

Yes. The London case here lent £5 million against a £12 million vacant private school property (40% loan-to-value) in 2 weeks. Specialist properties (schools, churches, care homes, vacant commercial) often need specialist private lending because banks typically decline.

### How is loan-to-value calculated for a vacant or specialist property?

Conservatively. Vacant or change-of-use specialist properties usually attract 40 to 50% loan-to-value (rather than the 65 to 70% available on standard commercial), reflecting the more limited resale market. The London vacant school here closed at 40%, which is typical.

### How long can the loan run while I plan a change of use or refurbishment?

Up to 24 months. The London vacant school case used 18 months, giving the trust time to plan a change of use, secure planning approvals, or arrange a sale to a developer. Where the timeline runs long, we can extend on request subject to fresh underwriting.

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