Paragon Bank’s development finance division has granted a £5.4 million finance package to support the Elan Apartments development, a part of Inland Homes’ Cheshunt Lakeside project. The deal was spearheaded by Simon Dekker, senior relationship director, with assistance from senior portfolio manager Craig Seaborne and junior portfolio manager Izzy Sargeant.

The Elan Apartments, located in Cheshunt, Hertfordshire, comprise 22 one and two-bedroom flats of varying sizes to accommodate a diverse resident population, along with ground-floor commercial space. Despite being less than 30 minutes from Central London, the apartments are situated near 10,000 acres of parkland and lakes and are conveniently located opposite the Cheshunt train station.

This new development is a part of the larger Cheshunt Lakeside project, which includes numerous new housing developments, community outlets, commercial spaces, parks, and a new nursery and primary school.

Dekker expressed his delight in supporting Inland Homes’ joint venture in this regeneration project, praising the location of the Elan Apartments for offering both countryside and city living. Nish Malde, group finance director at Inland Homes, also expressed satisfaction with the completion of the sale of the first 22 homes for private sale within this development. He appreciated Paragon’s understanding of their commitment to delivering high-quality homes and their attention to detail.