Davies has worked as an independent broker, as well as working with RBS for 20 years.
The review will focus on how regulation can better support a healthy unsecured lending market.
Shawbrook was approached by broker partner Go Finance, seeking a short-term finance solution for a client planning to covert a single-family dwelling.
Prior to the pandemic, 35% of SMEs had intended to sell their business over the next two years.
The borrower wished to move out of his retirement flat and into a three-bedroom house.
The 0.64-acre site at One Fox Lane was acquired by Dominvs Group in September 2018.
The development finance product offers loans from £100,000 to £750,000 at an LTGDV of 60%.
Toy has been chief executive officer at the NACFB since July 2017.
Charles Haresnape, CEO of Gatehouse Bank, said: “Gatehouse Bank has a growing presence in the UK banking market, with our ethical, Shariah-compliant approach."
The transaction has a loan-to-value (LTV) of 64.6% and was issued for a 6-month term, after which it will be refinanced onto a pre-agreed development facility with Avamore Capital.