Former RateSetter heavyweight Neal Moy has joined Paragon Development Finance in the newly created role of deputy managing director.
Moy (pictured) was the founder and managing director of the RateSetter development finance business, overseeing its £167m property finance portfolio, before it was acquired by Shawbrook Bank last year. He then became senior director of development finance at the bank.
Moy, who has also held positions at RBS, Lloyds and Deutsche Postbank in a 30-year property career, joins Paragon in October where he will support its development finance managing director Robert Orr.
Paragon said since acquiring Titlestone in July 2018, it has doubled the size of its relationship team and has hit the £1.5bn lending milestone.
“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,” said Moy.
“The business has ambitious growth plans and I’m confident that I can help the company achieve those.”
“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,” said Orr.
“This is a strategically important appointment that will bolster our management team experience considerably. I’m delighted he is joining Paragon.”