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Greymoor Homes secures £5.1 million Paragon Bank funding  to support Wadhurst development

Wadhurst Greymoor Homes master.jpg

  • Funding will support development of 21 new homes in Wadhurst, East Sussex
  • Third Greymoor Homes’ development funded by Paragon Bank

Greymoor Homes is developing 21 new homes in Wadhurst, East Sussex with the support of a £5.1 million funding package from Paragon Bank’s Development Finance division.

The finance has facilitated the acquisition of the site at Old Station Road and the new build development, which includes 13 private, six affordable and two shared-ownership homes. The financing represents the third Greymoor Homes’ development funded by Paragon Bank.

'The Walks’ development, which is a mix of two, three and four-bedroom homes, is expected to begin in June and completion is expected by October 2022. It is located on the edge of Wadhurst on the Kent/Sussex border and close to the vibrant town of Royal Tunbridge Wells.

Graham Morris, Greymoor Managing Director, said: “Wadhurst is a beautiful location, surrounded by lovely countryside. It is only an hour’s commute into London Bridge station or around 45 minutes to the great beaches of the south coast. We are sure this mix of family and first-time buyer homes will have great appeal.”

He added: “We are delighted to be completing on our third deal with Paragon. Paragon is an excellent funding partner, with a deep understanding of the property market and construction in general, and professionals who are helpful and supportive.”

Graham Morris founded Greymoor in 2016 after a near 25-year career in the construction industry, with the aim of creating sustainable housing developments across the UK. Since its foundation, the company has grown turnover to £15 million.

Paragon Bank Development Finance Relationship Director Simon Dekker said: “Greymoor is a high-experienced development company that knows its market and target customer base inside out. I’m confident demand for these new exceptional homes will be high and we’re pleased to have been able to support Graham and the team with this funding package.” 

For further information contact:

Michael Clarke
Head of Media Relations
Tel: 07740090746

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