The new revolving credit facility (RCF) is for an initial £20m with a further £20m accordion.

During the past year, USR expanded its portfolio by more than 30% — acquiring 80 new homes in Manchester, Birmingham and Cambridge — and has acquired properties through its strategic partnership with developer Urban Splash.

USR has raised £150m of equity from institutional HNW investors and owns and manages 307 homes.

Other growth for the company this year includes the appointment of two new colleagues for the Fund’s investment adviser, SURE Capital Partners LLP, and a promotion for James Richardson who now serves as principal.

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Akeel Malik, fund manager at USR, said: “After five years of solid growth, we are delighted to have nurtured another positive relationship, securing this RCF with Barclays.

“The support of such a prominent financial institution helps create a solid foundation as we see attractive off-market opportunities to bolster our nationwide portfolio.

“With a strengthened team of experienced professionals, and the capital to invest, we are actively looking to secure further acquisitions.”

Jason Constable, head of real estate at Barclays Corporate Banking, added: “We are pleased to be supporting USR with their future growth aspirations through the provision of this facility.

“The RCF will allow the Fund to move quickly on property acquisitions and further underlines our ongoing commitment to the UK housing sector.”