Quintain is in talks with Venn Partners to loan £40m to be held against its Emerald Gardens scheme in Wembley, north-west London.
The 472-flat project is part of Quintain’s Wembley Park redevelopment, which will see 5,500 homes built and tap into Venn Partners’ £256m government-backed bond targeting PRS schemes.
Venn has already agreed funding for £175m of projects with the bond and has kept the rest open for applications from PRS operators.
