Resi conversion has helped alternative lender Aeriance to a total of €226m (£164m) of loans in the year to the end of August.
The lender has approved 40 loans in the first eight months of 2015, of which around half have already completed.
The main focus for the business has been on the student accommodation sector across Europe and residential developments across the major cities of the UK.
Highlights of the lending programme have been a £10m loan to Seventeen Portland Place, owners of 17 Portland Place, W1, for a residential conversion.
In addition the company extended £22m to Newcourt Residential for the conversion of Wadhurst College, East Sussex, to flats.
Aeriance Investments chief executive Harin Thaker (pictured) said: “These are the type of transactions we really like to lend on, working with high quality, experienced developers who are looking to produce a highly desirable but low volume product in a core location.
“The past few months have been characterised by a significant uptick in new enquiries. There has been a great deal of appetite from borrowers looking for bridging and development funding to deliver office to residential conversions in London and the South East and those seeking small mezzanine loans across western Europe.”
