Agreed at 60% LTV over a three-year term, the two facilities will support the development of two residential BTR assets followed by an investment loan for longer-term holding upon completion of construction.

The scheme, located in the South East of England, will deliver a total of 181 residential units, according to Arc & Co.

Pluto Finance said it provided the client with a bespoke development-to-investment facility on both transactions, which allowed for increased funding certainty following practical completion of the scheme while rental income is stabilising.

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Cameron Hayes, asset finance adviser at Arc & Co (pictured above), remarked: “Build-to-rent continues to be a key focus for lenders, attracting some on the most competitive financing.

“It is great to complete on these two facilities with a bespoke funding solution that not only reduces costs but is also in line with the long-term strategies of both Pluto and the client.

“We look forward to working with them both on future opportunities.”