In his new role, he will work with SME developers across England and Wales, focusing on originating high-quality loans secured against residential development projects.
Toby joins Paragon from Wellesley Finance, where he worked as lending manager.
Prior to this, he was at GFI Group, structuring debit and equity into development deals.
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Commenting on his appointment, Toby said: “I am looking forward to helping Paragon to continue to grow its development finance business, as well as working with a variety of creative and hard-working developers and housebuilders."
Robert Orr, managing director for development finance at Paragon Bank, added: “Bringing somebody in with Toby’s expertise and experience will help us to continue supporting our current and new-to-bank clients, while growing our loan book.
“We have remained active throughout this challenging period, when other lenders have retrenched and, looking forward, we are confident in the prospects for the market.
“The demand for new housing looks like it will remain strong into the future, and smaller developers want to work with a bank that is consistent, financially strong, and has the experience and expertise to support their business.”