19 May 2022

CPD Secures '4.9M Finance Package for Paragon Arc Scheme

CPD Secures '4.9M Finance Package for Paragon Arc Scheme
Complete Project Development (CPD) has secured a '4.9 million finance package from'Paragon Development Finance, which will be used to support its Paragon ARC new build apartment scheme in Portishead.
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The Paragon ARC scheme is positioned on the fringes of'Portishead Marina at Harbour Road, and is home to 26 new apartments.

The funding for the development was led on behalf of Paragon by relationship director'Adrian Reeves, with support from portfolio manager Bonnie McClosky.

The Paragon ARC scheme benefits from a fantastic location

Jonathan Turner, CPD director, said: 'The ARC benefits from a fantastic location on the fringes of Portishead Marina, ideally located for the marina itself but also the shops, bars and leisure facilities that this burgeoning area has to offer. It is also in easy commuter distance to Bristol and is on the doorstep of the M5.

'Paragon saw the potential of the scheme immediately and was the perfect finance partner to work with. The process was smooth and enabled us to progress with the scheme with confidence.'

'Producing stylish homes that people want to live in'

Adrian Reeves, Paragon Development finance relationship director, added: 'CPD is a'growing development'company that focuses on high quality. It has a fantastic track record in producing stylish homes that people want to live in and we're confident the ARC will be just the same.'

Source: PBC Today'

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