Funding secured to support Northfield housing scheme

Piper Homes has secured a £5.8m funding package to support the development of almost 30 homes in Northfield, Birmingham.The funding from Paragon Development Finance will assist with the acquisition of the site at Sheldon Drive and the subsequent construction of 28 two-, three and four-bedroom homes.It is Paragon’s 14th deal with Piper Homes in the past five years. Other recently completed transactions include 115 homes in Pickford Green, Coventry, 58 houses in Mansfield and 47 units in Ravenshead, Nottinghamshire.Rupert Parkin, director at Piper Homes, said: “We’re pleased to have closed this latest funding package with Paragon, which will aid the delivery of 28 new homes in the Northfield area.”This popular Birmingham suburb is seeing a lot of investment and benefits from excellent transport links into the city as well as proximity to green areas.”The deal was led on behalf of Paragon by senior relationship director Nigel Jackson, with support from senior portfolio manager James Helmore.Jackson added: “Piper Homes deliver high-quality homes in sought after locations and expertly manage the whole development process.”We are pleased to have supported the company and its growth over the past five years and look forward to continuing to work with them going forward.