Audley Construction Group has secured the finance to help deliver the 172-unit scheme which will be built over two adjacent blocks of 11 and 12 storeys.

Once complete, the scheme will also include 7,320 sq ft of commercial space on its ground floor and 49 car parking spaces.

Construction works at the site are already well progressed, with superstructure works well advanced.

The transaction was introduced to Maslow Capital by David Yeadon, executive director at SPF Private Clients.

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"[Maidstone] has a well-documented undersupply of housing, and this development will provide much-needed homes in a highly connected, town-centre location,” said Emma Burke, managing director of development finance origination (UK and Europe) at Maslow Capital.

“The sponsor's experience, the advanced stage of construction and the strength of the underlying fundamentals made this a compelling transaction, and we look forward to seeing the scheme through to completion."

Harish Raghvani, director at Audley Construction Group added: "Maslow demonstrated genuine commitment and certainty of execution throughout the process.

“Their understanding of the scheme and flexibility in structuring the facility enabled us to continue progressing works on site without interruption.”