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A syndicate of lenders including banks and manager Generali Real Estate provided the loan.
Alex Price and Steven Wright, co-founders of Ashen Capital, have invested in a debt fund alongside lender Sibner Group.
The German manager also said niche real estate sectors are poised for growth.
The deal comes as the Canadian manager plans to ramp up its European real estate lending activity.
The US manager said it is on the lookout for further growth opportunities.
The bank’s build-to-rent target demonstrates lender appetite for the private rented sector.
The company says five-year lending rates saw a ‘material decrease’ as central banks’ easing cycle began during the third quarter.
The loan, provided by four banks, will support the delivery of a major project in the UK capital.
The loan, to a UK housing association, is the first since the funding programme was increased to £6bn.
Borrowers are demanding financing to fund innovative types of accommodation amidst a housing crisis in the country.