Paragon Bank appoints Oliver Powlesland as Development Finance Senior Relationship Director

By Bridging Loan Directory 19th September 2024

Paragon Bank’s Development Finance division has bolstered its team by appointing Oliver Powlesland as Senior Relationship Director.

Oliver joins Paragon Development Finance from Close Brothers, where he enjoyed a successful career as a Business Development Director, working in the Property Finance division for almost 15 years.

In a career spanning over 25 years, Oliver started as a Credit Analyst before moving into Development Finance.

During his career, he has held roles at RBS, Westdeutsche ImmobilienBank, Anglo Irish Bank, Macquarie Bank and Close Brothers.

In his new role, Oliver will be focusing on growing business opportunities in the residential, Purpose-Built Student Accommodation (PBSA) and pre-let commercial space.

He will report directly to Neal Moy, Managing Director of Paragon Development Finance and brings Paragon’s number of Relationship Directors to 11.

Oliver Powlesland, Senior Relationship Director, commented on his appointment:

“I am excited to be joining Paragon Development Finance and working with Neal and the wider team to build on their success over recent years.

Paragon recently hit £3 billion of development finance lending, so it’s a business that has a clear desire to back SME housebuilders and property developers to deliver the homes the country needs.

I’m looking forward to meeting both new and current clients to talk about future schemes across the country.”

Neal Moy, Managing Director of Paragon Bank’s Development Finance division, added:

“We’re thrilled to welcome Oliver to Paragon Development Finance. Oliver has had a brilliant career to date and will be bringing with him a wealth of knowledge and experience.

Paragon Development Finance is on an exciting growth journey and we’re continuing to build momentum with fantastic new team members joining and some great projects in the pipeline.”