Antler Homes completes £8.6m Paragon funding for Slinfold development

By Bridging Loan Directory 6th June 2022

Antler Homes has secured an £8.6 million finance facility with Paragon Development Finance to support its latest new build project in Slinfold, Horsham.

The funding has enabled the company to acquire land to commence the Crosby Farm development, a 24 unit development consisting of two, three and four bedroom houses looking out onto the Slinfold Cricket Club pitch in the West Sussex village.

The development has a gross development value (GDV) of £12.5 million and will provide a new pavilion for cricket club.

The development is situated in the charming village of Slinfold, which adjoins and overlooks the popular cricket green and fields.

A short two-minute walk away is the thriving village hall which regularly hosts cinema and other events and the cosy Red Lyon pub.

The Slinfold convenience store and Post Office is just over the road, while St Peter’s Church and the local primary school are also located within the heart of the village.

Slinfold benefits from being located next to the historic market town of Horsham and offers direct access to the beautiful Downs Link.

Paragon Development Finance is proud to support this development as Antler Homes puts significant environmental consideration into their developments.

Its homes continue to exceed energy standards and have low impact on the environment and the company is committed to sustainability.

The latest funding is Paragon’s third deal with Antler Homes and was led on behalf of the bank by relationship director Toby Burgess.

Andrew Rinaldi, Managing Director at Antler homes, said:

“We’re delighted to work on our third project with Paragon Bank, delivering high quality, innovative and sustainable homes in the charming village of Slinfold.

We have developed a strong working relationship with Toby and the team at Paragon. Paragon understands our business and they are straightforward to deal with.”

Toby Burgess, Relationship Director, said:

“This is the third project Paragon have funded for Antler Homes since 2020 and the largest to date. Antler is a fantastic developer with a well-earned reputation for delivering outstanding homes in the South.

The development in Slinfold will provide 24 new homes, of which a third will be affordable. Antler is also supporting the local community as it will deliver a new pavilion for the local cricket club.

Andrew and all the team at Antler are a pleasure to work with and we hope to continue to support them as the business goes from strength to strength.”