Paragon

Paragon enhances development finance product range



Paragon has enhanced its development finance range after its acquisition of Titlestone Property Finance.

Following the £48m acquisition earlier this year, the development finance teams from both lenders have been working together as one enlarged business under the Paragon name.

Led by Robert Orr, who was managing director at Titlestone (pictured above, centre), the team has broadened its product range.

Developers and intermediaries can now get competitive rates on residential development finance up to 70% GDV, pre-planning support and development funding for student accommodation.

The products will allow Paragon to support developers through the whole process from acquisition to obtaining planning, developing and then a marketing facility.

Richard Doe, managing director of commercial lending at Paragon, said development finance was an attractive move for its property finance business.

“We will be accelerating and broadening our proposition in this competitive market using the combined expertise of teams from Paragon and Titlestone.”

Robert said bringing together Paragon and Titlestone allowed it to grow the development finance portfolio across England and Wales.

“I am ambitious for what we can achieve with this combined team, leveraging the strengths of Paragon Banking Group.

“My aim is to make Paragon’s development finance one of the leading providers of funding in this large and competitive market, and a name renowned for being professional in all its dealing with a suite of products that developers and intermediaries really like.”

Also pictured (l-r): Simon Dekker and Nigel Jackson from the development finance team at Paragon


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