The client is a residential developer and sold units which transferred upon completion. He wanted an advance of the proceeds before transfer.
Paragon setup a bridging facility for the client against the units already sold but not yet transferred, allowing the client access to funds which was used to complete further units.
The client purchased a new house while selling his old house. He planned to pay the deposit for his new house from the proceeds of the old house, but there was a delay in the sale of the old house.
Paragon setup a bridging facility for the client against the proceeds from the sale of his old house, allowing him access to the funds and pay the deposit on his new house.