These are the first loans the lender has delivered there outside of the government-backed CBILS scheme since the start of the COVID-19 pandemic
The firm has appointed Kenny Orpin as commercial manager.
The project will deliver 15 high-specification houses and five flats within a gated community.
UTB said it aims to encourage the adoption of appropriate smart digital solutions across the specialist finance sector.
Sanjiv Varma and Jonathan England were directors of property firm Grosvenor Property Developers Ltd.
Pitch 4 Finance aims to help intermediaries source solutions for their clients in bridging, property development, commercial term loans and complex buy-to-let.
When the planning application was delayed by the council, the client needed to refinance the property to ensure they could fund the renovation works beyond the initial deadline.
Glenvale Park, located on Niort Way, will bring three and four-bedroom homes to the area, with eight homes having already been sold in two weeks.
This was the first tranche of a £2.6m total lending facility, provided to a property developer looking to acquire and refurbish several properties in Gloucester, comprising both houses in multiple occupation (HMOs) and apartments.
Pluto Finance has been accredited by the British Business Bank as a lender under CBILS, providing term bridge loans for property developers.