The scheme, which is located in New Malden, will see the construction of three high-end modern four-bed dwellings.

TLT Construction will be targeting EPC B ratings for all three houses.

Working with lender Triple Point, Archway Capital Partners secured a facility leveraged up to 65% LTGDV, providing the client with a net loan of £1,422,500 against a GDV of £2,500,000.

The provision of these funds has allowed the borrower to complete on the purchase of the land and cover all remaining build costs.

Triple Point attached an all-in variable interest rate of 9.5% pa (5% margin over base) alongside arrangement and exit fees of 1% and a 15% PG.

Commenting on this deal, Sam Monk, director at Archway Capital Partners, said: “I’m proud to have partnered with Triple Point and TLT Construction to complete on this development facility.

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“The client as well as Steve Brigly, director of development finance at Triple Point, and Chris Walters, portfolio manager at Triple Point, were a pleasure to work with throughout the process.

“Working with a lender such as Triple Point gives you confidence from day one.

“Despite a down-valuation and some issues arising early on regarding the make-up of the site, we were able to reconfigure the loan and secure the necessary funding for our client.

“I have no doubt that this TLT Construction scheme will serve as an example to the SME development industry on how to build modern and forward-thinking residential housing”.

Andrew Scott, director at TLT Construction, added: “All parties worked tirelessly to get this completed in time whilst also accommodating our needs as the developer.

“TLT Construction are looking forward to delivering these houses in good time and we’ll be ensuring that a very high-end specification is achieved at PC.

“New Malden is a region with a lot of demand for new-build multi-unit family housing so we’re looking forward to satisfying this gap in the market.”