The scheme comprises a mixture of bungalows and detached houses, ranging from two to four bedrooms.

The deal was supported by solicitors Shepherd and Wedderburn, along with the assistance of Julie Percy, Relationship Support Specialist at STB.

The development, a first for Birmingham, will include a two-storey rooftop extension to a former university building, and the provision of shared facilities.

The new development aims to bring much-needed homes to Sheffield while supporting the city’s wider regeneration.

Mayfair continues to be one of the most sought-after areas for offices in the capital.

The 60-bed scheme is made up of a former council building which has since been demolished.

The new development in Eastrea will feature a mix of two, three and four-bedroom bungalows and houses.

The deal faced multiple hurdles, including a 12-month completion period and a developer stepping up from a £1.6m GDV single-unit to a multi-unit scheme.

The loan marks the bank’s second deal with Maven Capital Partners

The lender chose to use a desktop valuation to reduce costs and time