The estimated value of the development once complete is expected to be in the region of £3.1m.
BM Solutions has launched a portfolio landlord portal system.
It is only available for buy-to-let and the minimum loan amount is £1m, with the maximum being set at £15m.
As part of the agreement, members of Optimum Commercial will have access to Roma Finance’s products.
Crystal Specialist Finance (CSF) and MT Finance have completed a bridging finance product worth £1.4m within three weeks.
The loan will facilitate Hockley Developments' conversion of a care home into residential apartments.
Rates will be cut by up to 0.4% across the lender’s residential range, by up to 0.3% on its BTL range and by up to 0.2% on its hero range.
The group said that it will hold seven more sales in total with the next three being in October, December and February 2021.
This will see the government move to protect private renters from eviction for three months.
As part of the agreement, Foundation Home Loans will join Y3S Bridging & Commercial’s lender panel.