Target sectors include development exit, stabilised residential and commercial, private rented sector (PRS), regional offices, light industrial and distribution, hotels, student and multi-tenanted estates or portfolios.
Avamore structured the loan to include a £600,000 release of capital against some of the existing works which had not been funded by the previous lender.
The Greener Homes Alliance will commit £175m, providing both loan finance and expert support to SME housebuilders.
As well as this, the NACFB is set to host the virtual Property Investment Finance Forum.
The funding will support the acquisition of a site on Legge Lane and the subsequent development of 100 one and two-bedroom apartments.
The 103-apartment scheme in Berkhamsted, Hertfordshire, is a joint venture between ReLF and Elysian Residences.
Crown House, originally an office block, has been developed into 30 high standard specification one and two bedroom flats.
It will enable the developer to demolish the existing disused commercial building and deliver 29 new-build apartments.
This will fund the development of Riverside House, a 99-studio unit student scheme in Guildford.
The money was used to pay suppliers, rent, utilities and those staff who continued to work throughout the pandemic.