Lodge Park has secured a £9.6 million finance facility from Paragon Bank’s Development Finance division for its St Edmund’s Place development in Buckinghamshire.
Located in Maids Moreton, between Buckingham town centre and Bletchley train station, the scheme comprises 12 new build five-bed detached homes.
St Edmund’s Place is Paragon’s seventeenth financing agreement between Paragon and Lodge Park. Formed in 1998 by an experienced team of housebuilding professionals, and recently completing its 1000th home, Lodge Park focuses on building quality new homes in the Midlands and beyond.
The latest deal was led on behalf of Paragon by relationship director Adrian Reeves, with support from portfolio manager Jess Pilkington.
James Browning, Lodge Park technical director, 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.”
Reeves 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 17th 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.”
