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

The £10 million in funding will support the redevelopment of one of Birmingham’s most recognisable commercial buildings.

The retained portfolio includes 16 flats, with eight pre-let, providing immediate rental income.

Lovett Care operates 28 homes across the UK, offering over 1,800 beds.

The Bedford Row offices cover more than 27,000 sq ft across three Georgian townhouses.

The new care home will provide 60 beds for residential, dementia, and nursing care.

The facility was priced at 0.89% per month and will be refinanced in 2026.

Arc & Co. has completed multiple £20m+ funding transactions so far this year.

This latest deal follows the bank completing a £17.1 million facility to refinance land for the next stage of a major regeneration project in Luton earlier this month.

The development will deliver 14 apartments, including six one-bedroom and eight two-bedroom units.