The deal was completed on Aspen’s Flat Rate at 0.87% over 12 months, while the exit will be achieved through the sale of the property.

Valuations for the transaction were undertaken by JLL, and legal due diligence was provided by Clarion.

Last month, the lender announced the successful completion of its first seven-figure transaction using its recently launched RomaPRO buy-to-let product.

The deal was completed on Aspen’s stepped rate at an initial 0.55% over a 10-month term.

The new care home is expected to reach practical completion in August 2026.

The loan was structured at 70% LTV, providing the full net amount required for the borrower’s redemption.

Saffron went beyond its maximum loan size to complete its largest-ever self-build loan.

The loan from STB marks the second deal between the two firms and supports Prime Cities’ latest buy-and-hold move.

The transaction enabled Cayuga Homes to sell some of the 33 apartments in the development with no early repayment charges, retain the rest, and release some equity.

The five-year commercial investment loan was agreed on a 20-year amortisation profile.