A regional developer has secured the 30-month term loan to deliver 53 residential units in Birmingham’s historic Jewellery Quarter.

Following a competitive tender process managed by Arc & Co, Paragon was selected for its competitive pricing, reliability and specialist sector knowledge.

Construction is underway with phase sales scheduled across the 30-month programme.

“We are pleased to have delivered a cost-efficient and robust funding structure for our client through Paragon Development Finance,” said Tom Berry, director at Arc & Co (pictured above).

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“Our tender process ensured the client secured not only the most competitive commercial terms, but also a lender aligned with the pace and ambitions of the scheme.

“[Adrian Reeves, senior relationship director] and [Lilly Sargeant, senior portfolio manager] at Paragon supported the transaction seamlessly, providing excellent service throughout.”

Adrian added: “We’re delighted to support the successful completion of this facility for a highly experienced client and equally pleased to be establishing a new relationship with them.

“The project is further strengthened by its location in Birmingham’s Jewellery Quarter — a highly desirable area for buyers and renters — situated just a few miles from Paragon’s headquarters.”