Paragon Bank has appointed Colin Sanders and Sundeep Patel to spearhead the development of a new bridging proposition.
Colin joins Paragon with more than three decades of specialist lending experience after having previously led bridging lender Omni Capital as its CEO, before founding Tuscan Capital and selling the businesses to Allica Bank.
Sundeep Patel has more than 20 years’ experience working with intermediary partners across specialist markets, including senior roles at Together, Precise Mortgages and United Trust Bank.
Further appointments will follow as Colin develops the bridging team, including a head of credit.
Colin and Sundeep will pilot the bridging proposition with a select group of intermediaries during the final quarter of the year before a full launch in 2027.
Colin Sanders, managing director of Paragon Bridging Finance, said: “Bridging finance has become an essential tool for property professionals, whether they are acquiring assets, funding refurbishment projects or wanting to move quickly to secure opportunities. The market has grown significantly in recent years but remains fragmented, and that has sharpened demand for lenders who are particularly credible and dependable.
“Our proposition will be built around what brokers and customers consistently tell us they need - straightforward communication, quick decisions, experienced people and reliable execution.
“Paragon is a highly respected bank and a recognised pioneer in specialist lending, with a strong reputation for supporting customers and intermediaries alike. The business has identified a clear opportunity for a trusted and established brand to further support the evolving needs of customers and brokers within the bridging sector.”
