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Further growth for Paragon’s Development Finance team

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

Rebecca will be based in the Development Finance team’s Gracechurch Street head office in London and will work with clients across England.  

She is highly experienced in property finance and joins from LendInvest, where she spent five years working across both investor relations and then portfolio and relationship management within the development finance team. Prior to that, Rebecca was with Goldman Sachs for two years, working in prime brokerage sales. 

Rebecca said: “I’m excited to be working in such a successful and professional team and it is fantastic to be representing the growing number of females furthering their careers in this sector. I’m also looking forward to utilising both my experience and the teams’ knowledge to help Paragon and our developer clients meet their growth plans.” 

Paragon Bank’s Development Finance division increased lending to residential housebuilders by nearly £200 million during the first half of the company’s financial year, taking its net loan book to over £500 million.

Robert Orr, Paragon Bank Development Finance Managing Director, said: “Bringing somebody in with Rebecca’s experience, particularly in client management, will really support the business in growing its loan book and supporting both new and existing clients.

“Despite the challenges coronavirus presented to the sector we have remained active and, looking forward, we are confident in the prospects for the market. The demand for new housing looks like it will remain strong into the future and smaller developers want to work with a bank that is consistent, is financially strong and has the experience and expertise to support their business.”

For further information contact:

Amy Lange
Media Relations Manager
Paragon Bank
Tel: 0121 712 2526

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