Our client required funding to reduce a commercial bank’s exposure

The client and a partner purchased a few properties in Cape Town CBD, the deal was funded by a commercial bank. The partner decided to exit the deal and the client required funding to reduce the bank’s exposure on the release of the partner’s surety by the bank.

Paragon provided a facility to the client against an unbonded shopping centre he owned in a different entity. The client used the facility to successfully reduce the bank’s exposure, allowing the partner to exit and the client to keep the property. The client will exit the facility by refinancing the shopping centre with a commercial bank.

Our client required short term funding, while finalising the sale of a majority share

The client sold a majority share in their business to a listed company and needed short term liquidity to fund the business while the sale of shares and repayment of current shareholders’ loan accounts are being finalised.

Paragon provided a facility to the client against a privately owned unbonded property, allowing the client to fund the business while finalising negotiations. The client will exit the facility once the shareholders loan accounts are settled.

Our client required funding to refurbish property situated in an up and coming area

The client owned property situated in an up and coming area in Cape Town CBD. Demand for residential units in the area increased significantly and the client wanted to capitalise on it.

Paragon provided a facility to the client against the property, allowing the client to refurbish the units and successfully sell it.

Our client required short term funding to purchase materials for a project

The client started 2 developments at the same time and required short term funding to finance raw materials upfront. Development bond funding was in place, but they would only have access to it at a later stage. Due to deadlines, they could not afford a delay.

Paragon provided a facility to the client against a tenanted commercial property the client owned, allowing them to proceed with the 2 new developments and successfully meet their deadlines.

Our client purchased a new property before selling his old property

The client purchased a property and was under pressure to secure guarantees. The client was in the process of selling another property, but the timing was out.

Paragon provided the client a short term facility secured against the old unbonded property, allowing the client to provide guarantees in time and settle our facility upon the sale of the old property.