Besides the apartments, the 42-floor Manhattan Loft Gardens tower in the Olympic Park in Stratford also features a seven-floor hotel.

The tower is located close to East Village and Elizabeth Park and benefits from enhanced access following the opening of the Elizabeth Line.

Dan Pottorff, head of debt investment at Tristan Capital Partners, said: ‘The Manhattan Loft financing is a continuation of the core strategy of TIPS One which is to finance sponsors with a strong demonstrated history of developing and investing in prime assets that drive income and capital growth. This is an exceptional quality residential asset which provides a unique opportunity to gain exposure to the London residential market at an attractive basis. This loan marks our seventh since launching in summer 2021 representing more than €300 mln lending volume with many more attractive opportunities in the pipeline.’

Lloyd Hunt, finance director at Manhattan Loft Corporation, added: ‘We very much appreciated Tristan Capital Partner’s partnership and solution-based approach to the refinancing of our award-winning residential tower. This facility provides us with the flexibility we need to further optimise the asset for all of our stakeholders, and especially the residents and local community.’

BCLP advised Tristan Capital Partners.