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Paragon Bank has revealed it will now provide loans of up to £35m to fund the acquisition and development of BTR schemes. The lender’s new proposition aims to support the lifecycle of BTR schemes in established residential cities and large towns across the UK, by funding site acquisitions, developments, letting completed schemes, and short-term stabilisation facilities. It will also assist developers in taking opportunities to benefit from the potential growth in the rental market through the development loan term by retaining the scheme after it is completed.
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