Jason Wilmot

Paragon adds new director to development finance team

Paragon Bank has appointed Jason Wilmot (pictured above) as relationship director in its development finance team.

Jason has extensive experience in real estate and commercial property finance, having worked at RBS for almost 17 years and, most recently, at Alternative Bridging Corporation.

“I am looking forward to working in such a highly regarded team and using my experience to help the business achieve its strategic growth objectives,” Jason commented.

Robert Orr, managing director of development finance at Paragon Bank, added: “We are keen to grow our loan book and support current and new-to-bank clients and bringing somebody in with Jason’s experience and connections will help us do that.”

Paragon Bank’s development finance division increased lending to residential housebuilders by nearly £200m during the first half of the company’s financial year, taking its net loan book to over £500m.

“We had a strong first half of the financial year and that has continued into the second half, despite the challenges coronavirus presented to the sector,” stated Robert.

“We have remained active and, looking forward, we are confident in the prospects for the market.”

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