Both were originated by Lee Francis, head of origination at CapitalRise, and introduced by SPF Private Clients executive director Daniel O’Neil.

Rengen Developments is the borrower behind these projects.

The first transaction completed was a bridging loan in Clifton, Bristol that was structured to refinance existing debt and provide a period of stabilisation.

This loan will allow Rengen to complete lettings and create a flow of rental income on the asset.

The second loan will support the conversion of an existing office building, on Lower Bristol Road in Bath, into student accommodation.

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Planning permission has already been granted for a mix of cluster flats, studio units, and communal amenity space, with Rengen intending to deliver 35 student bedrooms and three studio flats.

“I have been building a strong relationship with the team at Rengen over the past two years, and these transactions reflect our commitment to relationship-led lending,” said Lee.

“Both projects are in prime university locations and align perfectly with our strategy of supporting experienced developers with best-in-class projects.”

Daniel added: “Working with a specialist lender like CapitalRise is always a pleasure.

“Their deep understanding of property and ability to respond commercially and flexibly make them an ideal partner for complex transactions.

“At SPF, we pride ourselves on delivering tailored finance solutions for our clients, and CapitalRise’s approach aligns perfectly with that ethos.”