£9.6m finance facility secured for housing project

Lodge Park has secured a £9.6m finance facility from Paragon Bank’s Development Finance division for its St Edmund’s Place project in Buckinghamshire.

This development, situated in Maids Moreton between Buckingham town centre and Bletchley train station, consists of 12 new five-bedroom detached homes.

St Edmund’s Place marks the seventeenth financing agreement between Paragon and Lodge Park.

Northamptonshire developers, Lodge Park, specialise in constructing high-quality residences in the Midlands and beyond.

The recent agreement was facilitated by relationship director Adrian Reeves on behalf of Paragon, with support from portfolio manager Jess Pilkington.

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 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.”