Saturday, June 19, 2021

G2M Group funding growth plans with £25m finance facility

G2M Group, a Doncaster-based private rented sector (PRS) owner manager, is funding growth plans with a £25 million finance facility from Paragon Bank.

The funding – from Paragon’s Structured Lending arm – will enable G2M to accelerate its property acquisition strategy.

Founded in 2021, the company is aiming to swiftly scale its large demographically and geographically diversified rental portfolio.

Operating through its customer brand habodel, the group is focused on large volume regeneration of existing UK property stock, with a specific focus on energy improvement.

“As a group, our focus on energy efficiency directly addresses the UK’s carbon emission and fuel poverty issues,” said G2M Chief Executive Paul Morton.

“The warehouse facility from Paragon will provide an accelerant to the equity in our business, significantly increasing both the number of homes we can regenerate as well as increasing the positive environmental and social impact we are delivering.”

Tony Williams, Director at Paragon Structured Lending, added: “We’re pleased to be able to support G2M with its expansion plans with this funding package.

“This is a business delivering tangible benefits to people’s lives, providing good quality, safe and secure homes.

“If you entered a G2M rented home in the South East or in the North East it would have the same look, feel and high standard of finish. Their approach is raising the bar in the private rental sector.”

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