Assetz Capital has completed a £1.07m development finance facility to fund the demolition of a property and the construction of a new riverside home in London.

The 15-month loan, agreed at 64.61% loan to gross development value, will support the creation of a high-end detached house overlooking the Thames.

The facility has been structured to accommodate a shortened build period, reflecting the borrower’s experience and track record in delivering large modern homes.

The developer has previously completed several premium schemes and is expected to use the project’s riverside location to maximise value.

Jake Hiskett (pictured), relationship director at Assetz Capital, said: “This transaction highlights Assetz Capital’s continued commitment to supporting high-quality residential development through tailored lending solutions, enabling experienced borrowers to deliver outstanding properties across the UK.

“The house design and location backing onto the river Thames will certainly attract buyers. I look forward to seeing the build progress.”

The deal is the latest in a series of bespoke funding packages Assetz Capital has delivered to experienced housebuilders and developers across the UK.