Robert Orr

Paragon launches 70% GDV development funding



Paragon Development Finance has introduced a new 70% GDV product.

The increase in maximum GDV for residential development finance will help support clients across a wider range of projects.

This follows the launch of a sub-£1m offering for smaller housebuilders.

The lender also continues to provide its existing range of loans up to £30m. 

Robert Orr, managing director at Paragon Development Finance (pictured above), said: “UK SME housebuilders are developing much needed new homes across the UK, and access to finance from a committed, experienced and capable lender is vital. 

“We always look at ways in which we can support customers and the move to 70% GDV funding is a further extension of that.  

“As part of a successful, well-capitalised bank, all of our lending is completely off our own balance sheet, so customers have one point of contact and a seamless process with credit and due diligence. 

“That is important to them as they look to get schemes off the ground.”



1 Comments

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    Terry Hudson

    This is welcome and potentially interesting news. Are there any caveats in terms of Loan to costs that the Broker would need to be aware of.

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