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Residential developer Antler Homes secures over £3 million Paragon Bank funding to support new housing development

Antler Homes West End Hero.jpg

Paragon Bank has provided a £3.3 million funding package to property developer Antler Homes to fund the development of 13 new-build homes in West End, Surrey.

The new development will comprise 13 new homes, each built to Antler Homes’ high specification. The funding from Paragon’s specialist Development Finance team has enabled the buildout of the site, assisted the business with the site acquisition and supported cash flow to invest in future site purchases.

Construction of the site commenced in July 2020 and will be completed in Spring 2021.

Andrew Rinaldi, Managing Director of Antler Homes, said:

“We were very pleased with the service received from the team at Paragon. Paragon were focused on securing the best terms for us in an uncertain market and the speed of their decision making supported the process well.

“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. They were a great team to work with and we look forward to working with them again.”

Andrew Fairley, Relationship Director at Paragon, said:

“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.”

Antler Homes’ boutique West End development of 3-bedroom semi-detached and detached new homes is situated within a short drive of Woking centre, with its direct links to London, and walking distance of the charming village of West End.

For further information contact:

Michael Clarke

Head of Media Relations

Tel: 07740090746

www.paragonbank.co.uk 

Paragon Banking Group PLC.  Registered in England number 2336032.  Registered office 51 Homer Road, Solihull, West Midlands  B91 3QJ.