The residential scheme will comprise 38 open-market and 10 affordable houses, which will include a mix of semi-detached and detached homes, set within landscaped communal gardens.

The site is located adjacent to woodland and provides easy access to Caterham town centre and the train station, as well as local schools and amenities.

The first homes are to be completed by Q1 2022, and the project has a forecast GDV in excess of £25m.

The facility — for which the sum is confidential — was agreed on a 27-month loan term.

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Joe Flaherty, director at Beaufort, said: “We are delighted to have concluded this facility with Antler Homes for this exciting project.  

“Antler is a housebuilder of the highest quality, and we are confident that the proposed development in Caterham will appeal to a broad range of buyers, given its excellent location, proximity to transport and amenities, as well as its beautiful surroundings. 

“We look forward to working with the Antler Homes team as this scheme takes shape, as well as building our partnership with it, as it expand its business over the coming months.”

Andrew Rinaldi, managing director at Antler Homes, added: “We are very pleased to be working with the Beaufort team to deliver a scheme of the highest quality in the beautiful town of Caterham."

Founded in 1972, Antler Homes has delivered over 3,000 new homes and specialises in combining traditional detailing with contemporary design. 

Its projects include a range of energy efficiency initiatives, which its suppliers are required to support it on. 

Antler Homes is currently on site with three projects in Surrey, Sussex and Hampshire.