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Oakwood Homes nears completion of Ormskirk development with Paragon support

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Oakwood Homes is close to completing a new build development of 23 luxury houses and a barn conversion in West Lancashire.

Moor Farm is a development of three, four and five-bedroom homes, as well as a barn conversion into two new homes, in Haskayne, near Ormskirk. The development is due to be complete by May and sales are progressing well.

The company financed the development through a £4.5 million funding facility from Paragon Development Finance. Paragon has worked with the company during its growth journey and the latest funding was led by Relationship Director Mick Howard, with support from Portfolio Manager Shannon Altimas.

Oakwood Homes is a family business that has built a strong reputation in North West England for delivering highly regarded developments.

Jonathon Ball of Oakwood Homes said: “We’re pleased with how this development is progressing. Moor Farm is a development of high-quality homes that will appeal to families who appreciate the natural beauty of the area, but who may wish to commute to Liverpool or Manchester. Nearly all units are now reserved and we are enjoying welcoming the owners into their new homes.”

He added: “Paragon is a company that has supported our business as we have grown. The team is knowledgeable and deliver on their promises.”

Mick Howard said: “Moor Farm is a fantastic development of luxury homes that are being built to a very high specification. They are located in a great location and they are proving popular with buyers who are appreciating the design and quality of the houses being delivered. We’re delighted to have supported the team at Oakwood.”

For further information contact:

Michael Clarke
Paragon Bank

Notes to editors:

Paragon provides competitive property development finance up to the value of £35 million across England and Wales.

Paragon Bank Development Finance Limited is a member of the Paragon Banking Group which is a FTSE 250 group based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group has over £13 billion of assets under management and manages over 450,000 customer accounts.

Paragon Development Finance Limited. Registered in England number 03901943. Registered office 51 Homer Road, Solihull, West Midlands, B91 3QJ.