The loan has been secured by Beechcroft to commence construction on the scheme which forms part of the wider Wilton Park masterplan. This will also include a 75-bed nursing home, open market housing, cafe and nursery.

Each of the assisted living apartments will feature ensuite bathrooms, designed to Beechcroft’s ‘Healthihouse’ specification.

This includes door handles and light switches with an anti-bacterial coating, non-porous worksurfaces and bathroom wall panelling that are hygienic and easy to clean and whole-house ventilation providing filtered air to the principal rooms. Residents will also benefit from EV charging points, communal gardens, underground parking and an elegant residents' lounge which will swiftly become the social hub for residents.

The first units at the site are expected to be available for sale in Winter 2026 with a full completion anticipated by 2028.

•   The Finance Professional Show 2025: The Video
•   Paragon grows lending pipeline by 31%
•   Paragon Development Finance increases maximum loan size to £60m

The deal was led on behalf of Paragon by Oliver Powlesland, senior relationship director, with support from Amanda White, portfolio manager. This is the second time Beechcroft has partnered with the lender.

“Later living schemes like Wilton Park provide tangible social and health benefits and a real sense of community for residents, and with an ageing population we imagine demand for homes like these will only continue to grow,” said Oliver.

“Our continued relationship with the Beechcroft team gives us confidence in their vision and delivery, and we look forward to seeing this community take shape.”

Chris Thompson, managing director at Beechcroft, added: “This scheme will set a new benchmark for quality in the later living sector in Beaconsfield and we are incredibly proud to be helping provide a solution to the region's housing shortage, with support from the Paragon team.

“Paragon's flexible approach and understanding of the later living sector have been invaluable throughout the planning process.”