Housebuilder lands £3.2m funding line to bring forward Derbyshire homes
A housebuilder has landed a £3.2m funding line to help bring forward more houses in Derbyshire.
Paragon Bank’s development finance team has provided the facility to the Brookland Group to support with the development of 13 houses in Hartshorne, Derbyshire.
The finance will be used on the Woodville Road development, which consists of a mix of two-, three-, four- and five-bed houses aimed at first-time buyers and families. Ground is expected to be broken in April, with the development completed by Spring 2022.
The Brookland Group, headquartered in Ashby De La Zouch, Leicestershire, was formed in 2019 by a group of experienced property developers. Its developments to date have been located across London, the South and Midlands.
Brookland Group director Simon Dawson said: “We’re excited to commence work on this development in Hartshorne, which is a lovely village at the heart of the National Forest within commuter distance to both Birmingham and Derby. Each home is carefully designed to seamlessly integrate into the fabric of the village.”
He added: “This is the second development on which we have worked with Paragon Bank and we have always been impressed with how efficient and straightforward the bank is to deal with. They always deliver on their commitments.”
Paragon Bank relationship director Oli Thompson said: “We’re pleased to have been able to support Simon and the team at Brookland on this exciting project. We can see this development having wide appeal because of the quality of the homes and the attractiveness of the location.
“SME developers such as Brookland are vital to the supply of much needed new housing across the UK. Paragon Bank is committed to working with SME developers to provide the finance to bring these developments to market.”
