Paragon reveals expanded development finance portfolio

Paragon has expanded its property finance portfolio following its £48m acquisition of Titlestone Property Finance.

Development finance teams from Paragon and Titlestone are now working together as one enlarged business under the Paragon name.

Robert Orr, who was Managing Director of Titlestone, leads the team with an enhanced and broader product range that aims to make the Paragon brand bigger and stronger.

Developers and intermediaries can now get competitive rates on residential development finance up to 70 per cent GDV, pre-planning support and development funding for student accommodation. This means Paragon can support developers through the whole process from acquisition to obtaining planning, developing and then a marketing facility.

Paragon managing director - commercial lending Richard Doe said: “The UK development finance market represents an excellent long-term opportunity so this is an attractive move for our property finance business.

“We will be accelerating and broadening our proposition in this competitive market using the combined expertise of teams from Paragon and Titlestone.”

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