This follows from Q1's survey which found positive predictions of price growth across the country.
The facility provided a remortgage on new build flats.
Mark Farmer has been appointed as the government's champion for modern methods of construction.
Nearly half of the deals in October were made outside of the capital.
Overall the Construction PMI index down to 44.2, significantly below the 50-point threshold for growth.
Real estate professionals believe the overall residential property lending market will remain static this year, whilst 30% expect it to grow.
BFS is based in the Wirral.
The deals are awarded through the government’s £350m Local Authority Accelerated Construction programme.
The project has been valued at £15m once complete.
Over the last five years new build prices have rose by 5% more than that of existing stock.