£7.14 million facility will assist with the construction of 89 new homes in Esh Winning.

The funding will see Torsion Group develop a purpose-built student accommodation block, providing 205 studios for the 2026 academic year.

Inspired Lending has successfully completed a £1.22m bridging loan to facilitate the investment in a Purpose-Built Student Accommodation site.

The bank provided a £16.3m residential development facility for the project, across a 15-month term.

The client was able to unlock equity and expand their portfolio following the funding from HTB.

Since Paragon Development Finance launched its Purpose Built Student Accommodation proposition, it has lent £216m for PBSA schemes across several major UK cities.

Shawbrook’s structured real estate team completed the deal with Curo Mortgages.

The 60% LTGDV facility is for 18 months and is priced at a 5% margin

New planning assistance loan from Shawbrook provided additional capital while enhanced planning permissions were secured.

Both the auction property and the borrower’s main residence was cross-charged to secure the full £270,000 balance of the purchase price.