Eldridge Real Estate Credit, the real estate lending division of Todd Boehly’s investment firm, has lent £146M to student and coliving developer Vita for a big new project in Manchester, a transaction that means the two parties have done more than £1B of financings together. 
The latest transaction is a senior development loan for Vita Student First Street, an 861-bed, 170K SF student scheme in Manchester’s First Street regeneration area. 
Construction of the project has already started and has Building Safety Act approval, Vita said. Completion is targeted for June 2028, ahead of the 2028-2029 academic year. Vita’s Manchester student projects have…