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CPD's ARC scheme ahead of the curve with Paragon funding

CPD Portishead hero (1).jpg

  • Finance: £4.9 million
  • Location: Portishead Marina
  • Units: 26 apartments 
  • Paragon Deal Team: Relationship Director Adrian Reeves and Portfolio Manager Bonnie McClosky

We provided a £4.9 million funding package for Complete Project Development’s (CPD) new build ‘ARC’ apartment scheme in Portishead.

The company has built a strong reputation for development projects in the South West, primarily Bristol. Previous schemes include the conversion of 25 Portland Square in the city and Orchard House, the conversion of a 1960s apartment block into 54 units.

The funding was led on behalf of Paragon by Relationship Director Adrian Reeves, with support from Portfolio Manager Bonnie McClosky.

How we helped

The ‘ARC’ development of 26 apartments is perfectly positioned on the fringes of Portishead Marina at Harbour Road. With one, two and three bedroom homes available, including a penthouse with panoramic views, all apartments are finished to a high specification.

“The ARC benefits from a fantastic location on the fringes of Portishead Marina, ideally located for the marina itself but also the shops, bars and leisure facilities that this burgeoning area has to offer. It is also in easy commuter distance to Bristol and is on the doorstep of the M5.

“Paragon saw the potential of the scheme immediately and was the perfect finance partner to work with. The process was smooth and enabled us to progress with the scheme with confidence.”

Jonathan Turner, CPD Director

“CPD is a growing development company that focuses on high quality. It has a fantastic track record in producing stylish homes that people want to live in and we’re confident the ARC will be just the same.”

Adrian Reeves, Paragon Development Finance Relationship Director

Find out how we can support your business by visiting our Development Finance page.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551