The financing will re-capitalise the real estate investment manager’s existing 535-bed portfolio and support future acquisitions.

Tokoro’s student platform is managed by Homie, a specialist student housing operator created and funded by Tokoro.

The loan marks the first transaction between Leumi UK and Tokoro and represents Tokoro’s third successful debt raise this year.

Max Bassadone, partner at Tokoro, commented: “The support of Leumi UK is a testament to our investment thesis, and the operating expertise of our dedicated student management platform, Homie.”

Oliver Stenning, relationship director at Leumi UK, added: “This transaction is a further example of Leumi UK’s relationship driven approach and commitment to delivering bespoke financing solutions for our customers.

“This is a high quality portfolio managed by a specialist operator and, given the market for domestic second- and third-year students has been largely overlooked to date, these assets have a strong future.

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“We look forward to working with Tokoro as it implements its strategy.”

Homie founder Tom Ferber said: “Building and operating a portfolio of well-located, granular student assets is not easy.

“We’ve spent years curating the operational 'special sauce' and, with the support of Leumi UK, we’re firmly past the 'proof of concept' stage.

“As the environmental standard changes we continue to drive 'mom and pop' landlords out of the market; we’re now ready to really scale and institutionalise this sector.”

Sanjay Sethi, founder and partner of Tokoro Capital, stated: “There was good lending appetite across the UK clearing banks and others, but Leumi stood out.

“Their commitment to growing with us, deep understanding of our industry, and close collaboration to tailor a solution around our specific needs made all the difference.”

Greenberg Traurig and Mourants acted as legal counsel to Tokoro on the financing transaction.

The real estate aspects were advised upon by Trowers Hamlin and Russel-Cooke.

Eversheds Sutherland and Walkers acted as legal counsel for Leumi UK.