Paragon funds Beechcroft’s £30m Ascot scheme with £10m credit facility

By Bridging Loan Directory 7th October 2025

Paragon Bank’s Development Finance division has provided a £10 million revolving credit facility to support a luxury scheme in Ascot, developed by Beechcroft.

Beechcroft is one of the UK’s leading retirement developers but the Ascot scheme, created by the company’s Special Projects division, will be available on the open market, with full time residency restricted to the over 16s.

The scheme will deliver 27 high-quality apartments and nine houses, combining new-build homes with the sensitive renovation of a Grade II listed building within 13 acres of mature grounds.

Construction is set to begin imminently, with the first homes expected to be ready for sale in Spring 2026.

The scheme will include extensive communal gardens and a tennis court, with the newly-built residential units also featuring Beechcroft’s signature Healthihouse™ specification, designed to promote a living environment conducive to good health.

Each new property will feature light switches and door handles with antimicrobial properties, non-porous worksurfaces with built-in protection to reduce bacterial growth, with bathrooms fitted with hygienic, easy-to-clean wall panelling.

In addition, the new homes will benefit from a whole-house ventilation system that delivers filtered air while helping to reduce energy bills, alongside a kitchen water filtration system.

Ascot high street and racecourse are less than a five-minute drive from the development, providing residents with a vibrant and varied choice of restaurants, coffee shops and convenience stores, with nearby villages Sunningdale offering a mainline station into London Waterloo, and Sunninghill providing a mix of pubs and cafes.

This marks Paragon’s first funding deal in this sector, reflecting the bank’s strategic focus on diversifying its development finance portfolio.

In recent years, Paragon has broadened its reach to support a wider range of residential asset classes, including Build-to-Rent (BTR) and Purpose-Built Student Accommodation (PBSA).

Beechcroft, backed by the Carlyle Group, has earned a reputation as an esteemed, quality developer having completed over 75 schemes around the Home Counties and the Cotswolds since the business was founded in 1984.

The Ascot development marks another milestone in the company’s commitment to creating exceptional homes in outstanding locations.

Paragon’s funding package comprises a £10 million revolving credit facility, with additional funding agreed for a later living scheme by Beechcroft in Caversham, Reading.

Ascot remains one of the UK’s most desirable residential areas, known for its green spaces, excellent transport links and proximity to the capital.

The local property market continues to demonstrate resilience, with average house prices exceeding £1 million, making the area particularly attractive for homebuyers seeking luxury, low-maintenance homes in a green setting.

The deal was led by James Helmore, Relationship Director, and Megan Andreou, Portfolio Manager, at Paragon Bank.

James commented:

“We’re proud to support Beechcroft in delivering this outstanding scheme in Ascot.

The company’s reputation for quality and attention to detail is second to none, and this development will provide much-needed, thoughtfully designed in a prime, in-demand location.”

Chris Thompson, Managing Director of Beechcroft, said:

“We’re delighted to be working with Paragon Bank on this exciting project.

We appreciate the bank’s flexible funding approach and its recognition of the growing later living sector will prove invaluable as we plan for future developments in the retirement sector.”