The new option offers loans from £10m to £50m at up to 70% LGDV and 85% LTC, for development projects with GDVs between £15m-£75m.

It is available for a wide range of asset classes, including mass-market residential, PRS, student accommodation, retirement, healthcare, leisure, commercial and site assembly.

The lender has seen significant demand for the product, having already closed and/or agreed half a dozen projects across central and greater London, Nottingham, Essex, Edinburgh and Glasgow, with GDVs totalling approximately £350m.

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Beaufort Capital aims to deploy £1bn of senior debt loans over the next three to five years using the new product.

Paul Norman, founding partner at Beaufort Capital, said: “We are delighted to announce this new product to the UK real estate finance market. 

“For almost a decade, Beaufort has typically provided mezzanine debt and equity co-investment to its developer partners. 

“Our clients have repeatedly asked us to expand our offering to a whole capital solution, and we are excited to be able to provide the entire product suite of capital needs for our clients, going forward.”