The first phase is set to deliver 134 apartments and 12 houses.

Brokers can now benefit from 100% of development costs following today's enhancements.

The facility was issued at 65% LTV on a 16-month term with a flat rate of 0.78%.

The micro-hotel sector, including capsule hotels, has grown by an average of 16.4% per year since 2012, outperforming traditional hostels in profitability per square foot.

The deal was completed on Aspen’s Flat Rate at 0.87% over 12 months, while the exit will be achieved through the sale of the property.

Valuations for the transaction were undertaken by JLL, and legal due diligence was provided by Clarion.

The new care home is expected to reach practical completion in August 2026.

Sustained global uncertainty and delayed decision-making are continuing to impact confidence in the construction sector negatively.

Saffron went beyond its maximum loan size to complete its largest-ever self-build loan.

The funding enabled the client to refinance its original development facility while allowing time to execute a dual-track strategy of unit sales and long-term lettings.