The £2.6m senior debt facility will enable the developer to convert a Grade II listed detached property into 3 residential units.

The division is currently on track to double its credit approvals record compared with 2022.

The 234-bed Build to Rent project at Hollis Croft, Sheffield comprises one and two-bedroom, plus studio apartments.

Both mixed-use properties feature commercial space on the lower floors with residential units above.

The three-year funding package will be part refinance and part development loan for future expansions.

The deal was completed within a month of the mandate being handed to Leumi UK and marks the fourth completed student accommodation deal between both parties

The deal was completed within two weeks and has helped to ease demand for student accommodation in the city.