The deal was led on behalf of Paragon Bank Development Finance by Relationship Director Karl Kent, with support from Senior Portfolio Manager Shannon Altimas.

The £3.93 million funding will support the creation of five pre-let retail units in Faverdale, Darlington.

The split loan will fund the development of 8 flats and includes a top-up mezzanine loan of £857,000 at 83% LTGDV for 12 months.

The loan was capped at 65% LTGDV and structured over an 18-month term.

The new development is set to provide vital, high-quality student accommodation in the centre of Stoke with excellent amenities.

The senior debt facility was structured with Bruckland Developments and the landowner, acting as a JV, to deliver an efficient funding solution for both parties.

The once derelict Scottish mill is set to become a premier destination for holidaymakers seeking luxury in the Scottish Borders.

The loan will further the development of several properties including a number of barn conversions, one of which is grade-listed.

The loan was provided against an £11.15m gross development value, representing 65% loan-to-GDV.

The £17.1m loan enabled Hilco's client to release capital from a mixed development of high-quality apartments and a commercial unit in the capital.