The new-build detached houses have an overall GDV of £24m, and will be set over 32,583 sq. ft, with each plot ranging from three to nine acres.

As the deal posed several challenges — specifically to do with the market’s ongoing build cost issues — extra emphasis was placed on due diligence for the scheme, including understanding the complexity of the development appraisal to ensure the scheme would be built on time and within budget to mitigate any potential issues.

In the end, CapitalRise was able to provide the required funding at 65% LTGDV over a 23-month term.

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Katy Katani, director at CapitalRise, said: “We are extremely proud and delighted to be working on one of the most impressive developments in Surrey, backed by such exceptional developers. 

“We are well known for funding loans for property projects in prime central and outer London, but have also been assisting developers to deliver properties in the Home Counties for many years, a region where we continue to expand our remit. 

“We worked very closely with Arc & Co to construct a tailored package for the client and we look forward to overseeing the progress of the development.”

Cameron Hayes, asset finance adviser at Arc & Co, added: “Katy and the team at CapitalRise were an absolute pleasure to work with — their experience in super prime assets was crucial to delivering this deal. 

“All parties were very cooperative and worked with speed to deliver this on time and we are delighted to have completed this on behalf of our client.”