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

Allsop’s next residential auction will take place on 21st & 22nd May

This latest deal marks the fourth completed between Secure Trust Bank Real Estate Finance and Castleforge since 2019.

The office-to-residential conversion in Radstock helped transform underutilised space into quality homes.

The property consultancy raised over £58m through back-to-back March residential and commercial auctions

The 65% LTGDV facility enables the delivery of 5 high-end units a stone's throw from one of the best beaches in the UK.

The loan was completed in 21 days from credit approval

Commercial auctions raised £32.8m from the sale of 54 lots, while residential auctions raised £25m from the sale of 117 lots.

The complex facility was structured into three transactions to complement the varying stages of the site.

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