This has seen the firms jointly fund 17 developments with UTB providing over £129m of senior debt and Iron Bridge providing £37m of mezzanine debt.

The 558 homes are located across England, including locations in Cambridgeshire, the Midlands and the South Coast, with the latest being a 42-unit development in North London.

This North London project will see the firms convert a building into 42 apartments with the potential to add a further 18 units on two additional floors via airspace development.

UTB is providing just over £7m to fund the building acquisition, with Iron Bridge providing over £4m. The project is expected to have a GDV of over £20m once enhanced planning has been obtained.

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Four further developments to be funded by UTB and Iron Bridge are also in the pipeline with a combined GDV of £90m across a further 212 units.

“Over the last 10 years, our collaboration has consistently delivered innovative funding solutions that help bring much-needed homes and regeneration projects to life,” said Adam Bovingdon, head of property development at UTB (pictured above).

“Successful solutions like the one supporting this exciting North London scheme show just what can be achieved when two specialist lenders work together with a common goal — helping to create outstanding places for people to live.

“We look forward to many more successful years working together.”

Lance Joseph, CEO at Iron Bridge Finance, added: “From my first conversations with Adam and the team at United Trust Bank, it was clear we shared the same vision — to back ambitious developers with innovative funding solutions and create real places for people to call home.”