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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.

Paragon Bank’s Development Finance team has seen further growth, with the appointment of Rebecca Murphy as Relationship Director.

Paragon Bank has provided a £2 million funding package to London Property Ventures to support an Epsom-based housing development targeted at first-time buyers. 

Boutique developer Harbright has secured a £10m funding package from Paragon Bank for the redevelopment of a former office building into homes in Hounslow, West London. 

Paragon Bank has provided a £5.9 million funding package to property developer Stephens and Stephens Developers Ltd to fund the development of The Boundary, 32 new homes in Truro, Cornwall.