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Halsbury Homes: Residential Development Finance case study

 

 

Supporting British businesses

Paragon is continuing its support for residential development projects, providing a £18m funding package to new client and property developer, Halsbury Homes to fund 81 detached homes at the desirable St George’s Park, Loddon.

There will be over 200 two, three, four and five bedroom luxury housing units on the site following completion. Each with Georgian design, quality craftsmanship and benefiting from a desirable location on the edge of the beautiful Norfolk Broads.

Jason Green, Chief Executive Officer at Halsbury Homes, said:

“We are very pleased to be partnering with Paragon. Its reputation as a long-term and experienced residential development lender is what attracted us to the bank. Closing the financing during this uncertain period underlines its commitment to, and deep understanding of, the housebuilding sector. With Paragon's support behind us, we are primed to complete the remainder of our Loddon site and deliver the high-quality housing Norfolk so desperately needs."

 
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...a long-term and experienced residential development lender
 

Steve Hallam, Senior Relationship Director at Paragon, said:

“We are continuing to support both our existing customers and also new clients such as Halsbury. Our financing will help Halsbury to complete this highly attractive housing development, delivering much needed new homes into the local community.”

Halsbury Homes is a quality developer and during each project, experts are brought together from across the property development sector, to create homes that combine timeless style with the convenience of modern living. Paragon is delighted to be supporting the next stage of their development.

How Paragon helped

The funding will enable Halsbury to complete the remainder of the project over the next two years. To date, construction has been carried out in phases of smaller unit numbers but the support from Paragon will mean that the project can be finished earlier than originally expected.

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