The 10-month loans have LTVs of 69% and 70% were introduced by Tapton Capital and have a combined value of over £700,000 and include tranches to pay for the refurbishment works.

Both loans carry an interest rate of 0.84% per month with no admin fees, exit fees or ERCs.

The loans were managed from start to finish by Krisha Karunanathan and came under Funding 365’s light refurbishment bridge product.

James Levy, founder and CEO at Vital Homes, commented: "As an active social impact real estate group of companies we constantly rely on suitably priced, timely and reliable funding in pursuit of our mission to provide high-quality, eco-friendly accommodation to our housing partners at scale.

“Funding 365 was superb from start to finish and exceeded our expectations."

James Lennon, director at Tapton Capital, added, “With mounting pressure from the vendors to complete and a previous lender who had let us down, Funding 365 stepped in to compete with their typical minimum of fuss.

“These loans are great examples of when all parties work seamlessly together.”