The loan runs for 15 months, funding upgrades to an existing purpose-built student accommodation asset.

The PBSA building comprises 196 studios and achieved 100% occupancy immediately after opening.

Atelier has provided a £21.7m development loan to Study Inn Group to support a new purpose-built student accommodation scheme in Edgbaston, Birmingham.

The loan marks the fourth deal Atelier has completed with the borrower, a seasoned care home provider.

This latest funding follows the completion of a £7.6m loan to convert an office building in High Wycombe into 52 apartments, announced on Tuesday.

The scheme will deliver 52 apartments, including 43 studios.

The loan covers 70% LTGDV over a 15-month term.

Atelier has provided a £7.8m loan to fund the conversion of an existing office building in Bristol.

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

The new development will deliver 81 beds across nursing, residential and dementia care.