Paragon Bank provides £2.5m funding facility to Bankhead Group to support Ilkley apartment scheme

Leeds-based property developer Bankhead Group has secured a £2.5 million funding package from Paragon Bank’s Development Finance division for a new build apartment scheme in Ilkley, Yorkshire.

The new scheme will comprise large two and three-bedroom apartments, finished to a high specification.

The development is situated in the Middleton Conservation Area on Clifford Road, Ilkley and is aimed primarily at those looking to downsize from their current property, yet still after ample living space and convenient access to the amenities in Ilkley town centre, the River Wharf and Riverside Gardens.

Ilkley is situated in West Yorkshire, on the edge of the picturesque Yorkshire Dales, providing plenty of green space nearby.

Founded in 2013, Bankhead Group is a property developer that strives to deliver both modern and traditional homes that are finished to a high standard.

This deal was led on behalf of Paragon Bank by Senior Relationship Director Simon Dekker, with support from Senior Portfolio Manager Craig Seabourne and Portfolio Manager Izzy Sargeant.

Matthew Brooke, Managing Director at Bankhead Group, commented:

“It’s been a smooth process working with Paragon Bank to secure funding for this scheme in Ilkley, which promises to bring luxurious and well–designed apartments to this sought-after location mostly known for larger detached family housing.

The new development on Clifford Road will provide spacious, high-specification apartments in the heart of Ilkley for those who are looking to downsize.”

Simon Dekker Senior Relationship Director at Paragon Bank added:

“Bankhead Group is passionate about delivering good-quality new homes in West Yorkshire.

We hope to continue our relationship and support Bankhead Group in the future to provide more high-end housing schemes.

A common dilemma for those looking to downsize is the lack of suitable alternative accommodation. Bankhead is providing an attractive solution, mixing well-designed, good quality housing and an attractive location.”