Paragon Bank, the specialist lender, has hired Ray Wong as relationship director.
He will cover the Midlands, London and South East, focusing on increasing support of the lender’s SME developer customers.
Ray previously worked as relationship director for Shawbrook Bank, for nearly three years. He also has experience working for NatWest, Santander, Secure Trust Bank and The Ingenious Group.
Ray Wong said: “I’m excited to join Paragon; the company is building a fantastic reputation in the development finance market for delivery and has recorded strong growth in the past three years,”
“I’m joining an experienced relationship director team and I’m looking forward to hitting the ground running and supporting new and existing clients.”
Robert Orr, managing director at Paragon Development Finance, said: “Ray has enjoyed a strong period at Shawbrook, so we are pleased to have recruited somebody with his experience and sector expertise.
“He will complement our existing relationship director team and I’m confident will be a great success.”
Original article featured here…
Paragon recently doubled the maximum loan amount available to portfolio landlords, those with four or more mortgaged buy-to-let properties. This refers to both the loan amount on an individual property and the total BTL borrowing limit within the company.