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.

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 set up a bridging facility for the client against the units already sold but not yet transferred, allowing the client access to funds which were used to complete further units.

The client is a residential developer and sold units which transferred upon completion. He wanted an advance of the proceeds before transfer.

Paragon was able to speedily source a facility that met the client’s requirements enabling the business to take advantage of their busy season.

Paragon sourced a suitable equity partner enabling them to roll out a number of projects that they otherwise would not have been able to develop.