The funding will be used to support the second phase of the developer’s Calder Mews scheme which will deliver 14 four-bedroom detached houses.

Paragon also financed the first phase of the scheme which consists of 23 three and four-bedroom detached, semi-detached and terraced homes.

Work is expected to be completed on phase II, which began late last year, at the end of 2025.

The deal was led on behalf of Paragon Bank Development Finance by relationship director Karl Kent, with support from senior portfolio Manager Shannon Altimas.

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“We’re delighted to support Erris Homes with the second phase of its Calder Mews scheme, which is providing top-end family homes in a great area of Yorkshire,” said Karl.

“We are keen to work with experienced developers across the north of England to deliver much-needed new homes.”

Michael Howard, managing director of Erris Homes, added: “Calder Mews is an exclusive development sits alongside the small river of Black Brook and is perfectly located a mere stone’s throw away from The Greetland Academy, which was rated ‘Outstanding’ in its latest Ofsted inspection.

"Paragon has been a supportive and engaged lender across the project.”