Paragon Development Finance’s £18 Million Funding Package For Halsbury Homes Residential Scheme

Hill Dickinson advised Paragon Development Finance on the deal.

Specialist finance provider Paragon Development Finance has provided a significant new loan to fund a high-quality property development scheme by Norfolk developer Halsbury Homes encompassing 81 detached homes in the market town of Loddon.

The funding will enable Halsbury to complete the remainder of the project over the next two years. To date, construction has been carried out in phases of smaller unit numbers but the support from Paragon will mean that the project can be finished earlier than originally expected.

FTSE 250 company Paragon was advised on the transaction by Hill Dickinson partner Jim Garton (Picture), senior associate Rebecca Layton and associate Georgia Doyle of the firm’s real estate and banking team.

Involved fees earner: Georgia Doyle – Hill Dickinson; James Garton – Hill Dickinson; Rebecca Layton – Hill Dickinson;

Law Firms: Hill Dickinson;

Clients: Paragon Development Finance Limited;