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Paragon adds Jason Wilmot to development finance team

Paragon Bank has bolstered its development finance team with the appointment of Jason Wilmot (pictured) as relationship director.

 

Wilmot will be based in the development finance team’s Gracechurch Street head office and will work with clients across England.

He joins Paragon from Alternative Bridging Corporation; prior to that, he was with RBS for 17 years, primarily within the bank’s commercial real estate finance teams.

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

Wilmot said: “I am delighted to be joining Paragon’s Development Finance team.

“I am looking forward to working in such a highly regarded team and using my experience to help the business achieve its strategic growth objectives.”

Robert Orr, development finance managing director at Paragon Bank, said: “We are keen to grow our loan book and support current and new to bank clients and bringing somebody in with Jason’s experience and connections will help us do that.

“We had a strong first half of the financial year and that has continued into the second half, 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.”

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