The project — which is expected to be completed by spring 2021 — involves the conversion of a former office building into 77 residential apartments as well as more than 2,000 sq ft of retail space.
It will be undertaken by local developer Newby and feature a concierge service, convenience store, gym, and food and beverage offerings in the retail space.
The scheme is located in the centre of York and has a forecast GDV in excess of £40m.
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“We are delighted to be supporting Newby in this high-profile transaction for luxury residential apartments in the heart of York, within the city’s ancient walls,” said Mark Quigley, managing director at Beaufort Capital.
“The Newby team is very experienced and has delivered numerous top-quality schemes throughout Yorkshire.”
Frazer Roberts, director at Newby, added: “We were very impressed with the speed and efficiency at which Beaufort Capital was able to complete on the financing towards the scheme.
“Newby is excited to form this relationship with Beaufort and looks forward to working together moving forwards.”