Paragon Development Finance has announced the appointment of Neal Moy as deputy managing director.

Moy (pictured) joins Paragon in October and will support Paragon Development Finance managing director Robert Orr in the newly created role.

He was the founder and managing director of the RateSetter Development Finance business before it was acquired by Shawbrook Bank in 2020.

He has also held real estate positions at RBS, Lloyds and Deutshce Postbank in a 30-year property career.

Since Paragon acquired Titlestone in July 2018, the company has doubled the size of its relationship team. It recently announced it had hit the £1.5 billion lending milestone in the three years since the acquisition, with plans to accelerate lending going forward.

Moy said: “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. The business has ambitious growth plans and I’m confident that I can help the company achieve those.”

Orr added: “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.

“This is a strategically important appointment that will bolster our management team experience considerably. I’m delighted he is joining Paragon.”