09/07/2021 | Press release | Distributed by Public on 09/07/2021 02:50
Paragon Development Finance has today announced the appointment of Neal Moy as Deputy Managing Director.
Neal joins Paragon in October and will support Paragon Development Finance Managing Director Robert Orr in the newly created role.
Neal is highly experienced in the development finance market. He was the founder and Managing Director of the RateSetter Development Finance business before it was acquired by Shawbrook Bank in 2020.
He has also held real estate positions at RBS, Lloyds and Deutshce Postbank in a 30-year property career.
The creation of the Deputy Managing Director role reflects the growth in the Paragon Development Finance business and its continued ambitions for the future.
Since Paragon acquired Titlestone in July 2018, the company has doubled the size of its Relationship Team. It recently announced it had hit the £1.5 billion lending milestone in the three years since the acquisition, with plans to accelerate lending going forward.
Neal Moy said: 'Paragon's reputation in the development finance space has grown considerably over the past three years and I'm excited to join the company as it looks to build on this strong platform. The business has ambitious growth plans and I'm confident that I can help the company achieve those.'
Robert Orr added: 'Neal will bring his wide-ranging real estate experience and energy towards fulfilling our ambitions, which includes further lending expansion, growing our presence outside of southern England and broadening our product range. This is a strategically important appointment that will bolster our management team experience considerably. I'm delighted he is joining Paragon.'
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Head of Media Relations
Notes to editors:
Paragon Bank provides competitive property development finance up to the value of £35 million across England and Wales. Paragon Bank Development Finance Limited is a member of the Paragon Banking Group which is a FTSE 250 group based in Solihull in the West Midlands. Established in 1985, Paragon Banking Group has over £12 billion of assets under management and manages over 450,000 customer accounts. Paragon Development Finance Limited. Registered in England number 03901943. Registered office 51 Homer Road, Solihull, West Midlands, B91 3QJ.