Lodge Park Homes has secured funding of £6.8m from Paragon Bank’s development finance division to support a new housing development in Blunham, Bedfordshire, called The Hill.
The development consists of 17 two-, three- and four-bedroom homes in the small village, which sits eight miles east of Bedford.
James Browning, Lodge Park technical director, said: “Blunham is an attractive village and a great place to live, so we think this development will be popular with buyers. It’s close to Bedford, with good links into London, and is also within proximity to a good road network for those who need to commute.
“As ever, Paragon has been a supportive banking partner and we are pleased to work with Adrian and the team again on this latest development.”
Adrian Reeves, relationship director at Paragon who led on the deal, with support from portfolio managher Jess Pilkington, added: “Lodge Park Homes knows how to successfully deliver new build schemes in this region and what is popular with buyers. Of the 14 schemes we have funded, we have been repaid on eight, and it’s a partnership that has gone from strength-to-strength.”
