Lodge Park has secured a £9.6m finance facility from Paragon Bank’s development finance division for a residential development in Buckinghamshire.
Lodge Park’s St Edmund’s Place scheme comprises 12 new build five-bedroom detached homes in Maids Moreton, between Buckingham town centre and Bletchley train station.
James Browning, technical director at Lodge Park, said: “Located in a Buckinghamshire countryside setting, St Edmund’s Place will prove popular with homebuyers looking for a high-quality property with ready access to the amenities of both Buckingham and Bletchley – providing both the ability to commute and enjoy the areas historic landscape.
“Paragon continues to be the perfect partner for bringing greatly sought-after properties to the market. Adrian [Reeves] and the Paragon team have a detailed understanding of the sector, share our passion for high-quality properties, and have delivered a further bespoke funding package that supports our goals.”
Adrian Reeves, Paragon relationship director, added: “Lodge Park is renowned for delivering high-quality homes in ideal locations – and its St Edmund’s Place development is no exception. As the seventeenth financing agreement between Paragon and Lodge Park, St Edmund’s Place demonstrates our commitment to not only building long-lasting partnerships with specialist developers, but also to playing a vital role in ensuring desirable, bespoke properties are available to homebuyers.”
