Market Leads & Opportunities
Apartments scheme secures £8m boost
A £8m funding package has been provided by Solihull-headquartered Paragon Bank to support a Leicestershire housing development.Horsnall Holdings has received the funds to support The Gate, a Loughborough-based project to create 64 apartments.The funding from Paragon’s Development Finance division has enabled the second phase of development of The Gate, which comprises one and two-bedroom apartments.Paragon also previously funded phase one of the development, The Mill.This is the sixth development that the bank has supported Horsnall Holdings with.
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