Funding was structured in two stages, covering pre- and post-planning approval work.

Initial bridge rate was 0.89% for six months, followed by 6.74% over two years for the BTL period.

The profit margin on the transaction was set at 2.75% with an FTV of 55%.

The development will deliver 487 co-living units, a 110-key hotel, and a new pet hospital.

In July this year, Ortus Secured Finance supported the refinance and redevelopment of Dumbleton Hall Hotel, a Grade II listed country house in the Cotswolds.

The bank has provided £22.6 million to fund Union Property’s Glasgow Citi View PBSA development.

The £1.2 million facility was structured on a five-year fixed, interest-only basis at 70% LTV.

Atelier has provided a £7.8m loan to fund the conversion of an existing office building in Bristol.

Planning permission included converting the main building into a large dwelling and building three detached executive homes.

Last month, the lender completed a £6.3 million funding package, supporting a developer with two separate residential projects in Bath and Cheltenham.