The finance was arranged by Mike Feasey, relationship director at STB, and brokered by Kevin Stedmann, managing director of Garnet Finance.

11 completed apartments form part of the refinanced portfolio.

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

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

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