UTB is providing around £6m of senior debt to the development, while Iron Bridge is providing a further £1m in mezzanine finance.

This will be used to redevelop a South London site formerly occupied by a 1930s house.

Once removed, the site will be used to create 11 new apartments across two blogs - each with either a garden or terraced balcony.

Two semi-detached houses and a bungalow will also be built on the site, with the latter being wheelchair accessible and having its own adjoining parking space.

These new homes will have a combined GDV of £10m.

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“I am delighted that UTB has the opportunity to once again collaborate with [Iron Bridge COO] Edward Alexson and Iron Bridge Finance in supporting this venture,” said UTB director of property development Luke Benton-Drury.

“I hope this is the first of many schemes we support for this new customer and is the start of a successful and fruitful long-term relationship for us all.”

Edward added: “This scheme is another example of Iron Bridge collaborating with our trusted senior lending partner, UTB.

“It also reinforces our position as the leading mezzanine lender in the market, offering developers the reliable, flexible financing they need to maximize their project potential and achieve their goals.”