The facility was agreed at 65% LTGDV plus finance cost on a 12-month term.

The Oakdale Gardens scheme will offer eight zero-carbon bungalows, which will be delivered using modern methods of construction.

These homes will be constructed at Starship’s manufacturing facility in Deeside and installed on site, with the whole development being handed over for completion in just 17 weeks. 

Work at Oakdale Gardens will begin imminently, with the scheme due for completion in December 2021.

David Rainford, managing director at PMJ Capital, added: “As a funder, this scheme is a great opportunity for us to support a modular build system, which has many added benefits such as energy efficiency and speed.

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“There is a national shortage of bungalow schemes as developers look to build bigger properties to release more value. 

“Dave [Dargan, director at Starship Group] and his team’s commitment to build much needed highly sustainable homes is exemplary and we are proud to be able to support them.”

Dave added: “We are excited to be delivering another project delivering more zero-carbon affordable homes for our customers. 

“This project is part of our wider commitment to deliver real innovation and to raising the standards of the next generation of affordable homes” 

“The team at PMJ understand, with complete clarity, our approach and what we are trying to achieve; it’s fantastic to be working with such a supportive funding partner.”