The 11 student houses provide 80 bedrooms and generate rental income of around £540,000 a year.

The £7.1m facility is secured over seven completed homes, four of them sold subject to contract, and two plots at damp proof course stage.

The £8.25m bridging facility supported the acquisition and repositioning of an £11m London residential portfolio across three SPVs.

The £3.995m loan is backed by assets with a combined market value of £6.7m, reflecting a 60% LTV structure.