Paragon Bank has provided £8 million to help Horsnall Holdings build 64 homes in Loughborough.
The money will help the Leicestershire business with the second phase of a development in the town, called The Gate, which will be made up of one and two-bedroom apartments.
The funding comes from Paragon’s Development Finance division which previously funded phase one of the development, called The Mill.
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It is the sixth development that the bank has supported Horsnall Holdings with.
Director Mark Horsnall said: “The support from Paragon has enabled more much-needed housing to be developed in the Loughborough area.
“The Gate offers high-quality housing in a convenient location, in the heart of Loughborough’s desirable Waterside Village.
“We have worked closely with Paragon for a number of years now on projects of varying sizes.
“The whole team has a great understanding of the industry and has always been keen to assist us with funding.
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“Paragon’s continued support has helped us to grow our business significantly over the last few years.
“Monthly valuations and draw down are simple, hassle free and always paid within a few days of submission.”
Simon Dekker, relationship director at Paragon, said: “It is great to be able to continue our relationship with Horsnall and support the business with yet another scheme.
“Over the past few months, it has been our priority to support both new-to-bank and existing clients, so we are pleased that we are able to continue our relationship with the business through assisting with this development and those prior.”