Finance facility secured for Loughborough apartment scheme

Horsnall Holdings has secured an £8.3m finance facility to support the development of new apartments in Loughborough.The funding from Paragon Development Finance has enabled the company to acquire land to commence The Wharf, has enabled the company to acquire land to commence The Wharf, a 55 one, two and three-bedroom luxury apartment scheme at the Waterside Village on Falcon Street.The Wharf is the third phase of the Waterside Village development, which sits alongside the Grand Union Canal. The scheme consists of two new-build developments – The Wharf and The Gate – to complement the redevelopment of The Mill, a former hosiery mill built in the late 1800s. All three developments within the Waterside Village feature communal and leisure facilities, such as a gym. The Gate is due to complete early this year, with ground set to be broken on The Wharf this month.The latest funding is Paragon’s seventh deal with Horsnall Holidays, with the bank also supporting phase one and two of the Waterside Development project. The deal was led on behalf of the bank by relationship director Simon Dekker, with support from senior portfolio manager Craig Seaborne.