The first £5m facility — agreed over a 24-month term — will support G&L Investments Limited to complete the development of 25 highly affordable residential units, comprising one-, two- and three-bedroom flats and four-bed duplexes.

The project, which is located in Mitcham, Greater London, will be delivered in a local authority with an undersupply of housing and a low development pipeline.

The residential scheme will feature TPV solar panels, e-charging points and onsite cycle parking to make the scheme more energy efficient and less reliant on fossil fuels.

“We are delighted to support a scheme with strong ESG credentials that also satisfies the local authority’s need for affordable housing,” said Sky Mapson, deal originator at Maslow Capital.

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“Completing this deal alongside another in the same week required a real team effort and we are delighted to have delivered for our borrowers.”

The second, £9m development loan — agreed over a 14-month term — will enable the delivery of a 96-unit BTR scheme in Peterborough, Cambridgeshire.

The permitted development conversion scheme will reduce its environmental impact by removing the carbon cost involved in demolishing and rebuilding the structure, in addition to modernising the building’s heating system and insulation.

Speaking about the Petersborough deal completion, Adam Wass, deal originator at Maslow Capital, commented: “Permitted development conversions are a highly effective way of contributing to the UK’s ongoing and long-term effort towards improving the sustainability of our housing.

“By continuing to lock in the structure’s embodied carbon, this project will sustainably add 96 BTR units to an area in need of supply.”