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News releases

Paragon Development Finance is launching a new product for loans between £400,000 to £1 million, further strengthening its support of UK SME developers.

Paragon Bank has provided an £5.4 million funding package to Hawthorne Meadows Homes Ltd, part of Ground Group Ltd, to support a Derbyshire-based housing development of 39 homes.

Paragon Bank has provided a £4 million funding package to London-based developer Farleigh to fund the development of Mulberry House, 25 new homes in Dorking, Surrey.

Paragon has provided Acorn Property Group with a £4.9 million loan to support the acquisition of a site in Padstow town centre and its development into ten luxury apartments.

Paragon Bank continued to grow its Development Finance Team during 2020, whilst also increasing both its lending to SME housebuilders and its net loan book.

Paragon Bank has provided an £8 million funding package to Horsnall Holdings Ltd to support The Gate, a Loughborough-based housing development of 64 homes.

Paragon Bank has provided an £8.7 million funding package to Mulberry Homes (Redhill) Ltd to support a Surrey-based housing development of 57 apartments.

Paragon Bank has further bolstered its Development Finance team with the appointment of Toby Burgess as a Relationship Director.

Paragon Bank has provided a £1.6 million development finance loan to Nottingham-based developer, Hockley Developments Ltd, for the conversion of a care home into residential apartments. 

Housebuilding accelerated faster in the North West than any other English region over the past five years, analysis by Paragon Bank has revealed.