Paragon Bank, the specialist lender, has facilitated property developer Antler Homes with a £3.3m funding package to fund the development of 13 new-build homes in West End, Surrey.
The funding, provided by Paragon’s specialist development finance team, has enabled the buildout of the site (pictured above), assisted the business with the site acquisition, and supported cash flow to invest in future site purchases.
The site is due to be completed in spring 2021, after construction began last month.
The new development of three-bedroom semi-detached new homes is located within a short distance of Woking centre, which has direct links to London, and is within walking distance of the West End village.
Andrew Rinaldi, managing director of Antler Homes, said: “We were very pleased with the service received from the team at Paragon.
“We worked with Andrew Fairley and Joshua Mann from the team at Paragon and they were both extremely proactive, facilitating a very smooth funding process.”
Andrew Fairley, relationship director at Paragon, added: “It is great to be able to support with funding for this scheme.
“During the recent difficult times, it’s been our priority to continue supporting the needs of both our current and new-to-bank clients and we hope to continue our relationship with the Antler for future projects.”
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