Editor's note: This brief was summarised by The Property AI Newsroom from a report by Mortgage Strategy. Read the original article for full details.
Paragon Bank Appoints Sanders and Patel to Lead Bridging Finance Launch
Paragon Bank has appointed Colin Sanders to lead the development of a new bridging finance proposition. Patel has also joined as Commercial Director, bringing over 20 years of experience in specialist markets.
Sanders, who has previously led Omni Capital as CEO and founded Tuscan Capital, will be responsible for building the bridging team at Paragon. Further appointments are expected, including a head of credit, as the team develops.
The new bridging proposition will be piloted with a select group of intermediaries during the final quarter of the year, with a full launch planned for 2027. The aim is to provide fast and dependable funding for experienced property professionals, such as developers, surveyors, architects, planning consultants, and builders.
This move comes as bridging finance continues to become more mainstream within the UK property sector. The proposition is intended to address demand for straightforward communication, quick decisions, experienced personnel, and reliable execution.
Source: Mortgage Strategy