"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 and Lilly at Paragon supported the transaction seamlessly, providing excellent service throughout"
- Tom Berry - Arc & Co.
Arc & Co. has arranged a £10,360,000 development facility with Paragon Bank’s development finance division to help a regional developer deliver a 53-unit residential scheme in Birmingham’s Jewellery Quarter.
The neighbourhood is known for its heritage character, proximity to the Colmore business district, independent retail and hospitality, and strong transport links. Demand from buyers and investors continues to build, supported by interest in premium city centre living.
The developer has a long-standing track record in Birmingham and the wider region. Construction is already underway, and phased sales will run across the 30-month programme. The funding structure offers flexibility through the build period and anticipated sales cycle. Arc & Co. oversaw a competitive tender process, and Paragon, based in nearby Solihull, was appointed for its pricing, reliability, and specialist sector experience.
The scheme is supported by several core funding components: the loan is a development finance facility for a site in the Jewellery Quarter, the project will deliver 53 apartments, the gross loan totals £10,360,000, Paragon Development Finance is the lender, and the term is 30 months.
Tom Berry (pictured), director at Arc & Co., said, “We are pleased to have delivered a cost-efficient and robust funding structure for our client through Paragon Development Finance."
“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 and Lilly at Paragon supported the transaction seamlessly, providing excellent service throughout.”
Adrian Reeves, senior relationship director at Paragon Development Finance, 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.”
The development will contribute to the ongoing regeneration and residential growth of the Jewellery Quarter, reinforcing its position as one of Birmingham’s most vibrant and liveable districts.
