Paragon Bank’s Development Finance division has provided a £2.5 million finance package to support the development of 10 new build houses in Flore, Northamptonshire.
The funding package will result in two two-bedroom affordable homes, two three-bedroom affordable homes, a row of three three-bedroom properties, two four-bedroom detached houses and one five-bedroom detached house.
The homes are being developed on the site of a former petrol station in the centre of the village.
Barry Howard Homes has been creating new and renovated homes in the East Midlands since the 1990s.
The new development is situated at the heart of the historic Flore village in the Northamptonshire countryside and is ideally located for both Daventry and the M1.
Funding for the development was led on behalf of the bank by relationship director Adrian Reeves, with support from portfolio manager Jess Pilkington.
Barry Howard, CEO of Barry Howard Homes, said: “Paragon understood the passion we have for creating beautiful homes and is the ideal funding partner for our Flore development. This is set to provide the region with wonderful new properties.”
Adrian Reeves, Paragon Bank Development Finance relationship manager, said: “With work now underway, I have been pleased to follow the progress of Barry Howard Homes’ latest development and am delighted that Paragon is assisting the company in delivering new, affordable properties.”
