The lender has extended its maximum term to 24 months, while its maximum site size has increased to 50 units.

Goldentree has kept its loan to cost at 90%, while maximum exposure to gross development value is at 65% on senior debt.

However, Goldentree will work with all mezzanine providers following the introduction of its own mezzanine product.

Last week, Goldentree introduced the mezzanine finance product for housebuilding and development deals for loans between £100,000 and £250,000.

Steve Marsh, managing director of Goldentree, stated: “With the UK needing to build ever more new homes, Goldentree is keen to provide funding for this type of deal and we think these new flexible parameters will enable more builders to get on site and build.”