The money will be used to refinance 10 self-contained flats and to support the pipeline of new supported living projects.

The loan completion involved assessing a complex series of leases and was done remotely under a tight timescale, due to the Covid-19 lockdown.

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This is Blackfinch’s second investment in the supported living sector.

John Hartigan, investment manager at Blackfinch Property (pictured above), said: “We are delighted to complete a new loan, despite the wider market uncertainties during this difficult period. 

“We are particularly pleased to provide another loan in this emerging sector, which we believe to be resilient at this time and helps vulnerable adults live more independent lives.”