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Paragon Bank’s Development Finance business has today announced changes to its leadership team, taking effect from 1 October 2022. 

Paragon Bank’s Development Finance division recorded a 41% increase in advances during the first half of its financial year, reflecting strong demand from SME developers and housebuilders. 

Antler Homes has secured an £8.6 million finance facility with Paragon Development Finance to support its latest new build project in Slinfold, Horsham.

Complete Project Development has secured a £4.9 million finance package from Paragon Development Finance to support its new build apartment scheme in Portishead.

Acorn Property Group has secured a £10 million finance facility utilising Paragon Development Finance’s Green Homes Initiative to support its newbuild scheme in Bruton, Somerset. 

Bespoke housebuilder Yorkshire Country Properties (YCP) has secured £13.42 million funding from Paragon Development Finance for its continued growth plans across Yorkshire.   

Lodge Park Homes has secured a £3.3 million funding package from Paragon Development Finance to support its new build scheme in Wavendon, Milton Keynes.

Oakwood Homes is close to completing a new build development of 23 luxury houses and a barn conversion in West Lancashire. 

Student property developer Urbanite has secured a £14.8 million finance facility with Paragon Development Finance to support its latest purpose build student accommodation (PBSA) scheme in Leeds.

Paragon Development Finance has completed its first deal under its Green Homes Initiative, providing a £5.3 million funding package to Shorewood Homes for its new build development in Winchester.

Paragon Bank PLC is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. Registered in England number 05390593. Registered office 51 Homer Road, Solihull, West Midlands B91 3QJ. Paragon Bank PLC is registered on the Financial Services Register under the firm reference number 604551