According to the bank, the lending milestone has been achieved since Paragon acquired Titlestone in July 2018, leading to the development of around 13,000 new homes. 

Over the past six years the company has the company has diversified into areas such as the PBSA market, and most recently, the BTR market, while the firm also launched the green homes initiative in 2021, which is currently funding 900 homes through the initiative.

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•   Paragon new business pipeline projects grow 21%

Paragon recently released its half year results showing that the new business pipeline has increased by 21%, to £186.4m in the six months to the end of March.

Neal Moy, managing director of development finance at Paragon Bank (pictured above), commented: “This lending milestone is a credit to the continued hard work, experience and expertise of the development finance team.

“We’re delighted to have supported many developers across the UK, helping to deliver high-quality homes, as well as continuing to innovate our product offering and broadening our client base.”