The facility, which was structured at 70% LTGDV, will support the conversion of curtilage-listed buildings into six dwellings, as well as the construction of four new homes.

The loan completion comes two years after the lender provided a bridging loan to part-fund the purchase of the sites for development.

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Paul Hayward, credit director at Atelier, commented: “It has been a pleasure working with our client over the past two years — initially to provide a bridging facility that enabled the site acquisition, and now to provide development finance for this high-calibre scheme.

“With curtilage-listed buildings and new-build homes across two sites, the project presents a range of technical and planning complexities.

“We’ve worked closely with the borrower to structure a funding facility that addresses those challenges, and we look forward to seeing the finished development in this sought-after and popular location.”