Press releases

Paragon’s Development Finance division has provided a £13.3 million development loan to Elevate Property Group to support the purchase and redevelopment of Priory House in Birmingham. 

Paragon Development Finance has launched 70% Gross Development Value (GDV) funding today as it strengthens its support of UK SME housebuilders.

Paragon Bank’s Development Finance team has provided a £3.2 million funding facility to the Brookland Group to support with the development of 13 houses in Hartshorne, Derbyshire.

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.