Website: http://www.paragonlending.co.za/
Paragon offers:
Innovative financing solutions for time-sensitive transactions throughout
South Africa
- Funding for property purchases, working capital or other transactions
- Funding for clients who cannot secure loans from commercial banks
- Funding for developers to unlock the value in their properties
- Funding where there are no hidden costs and fees
Paragon does not compete with the banks in that:
- It lends to clients who fall outside of the banks’ lending criteria
- It subscribes to the principles of secured asset-backed lending
- It is a short-term lender secured by property
Paragon advances funds:
- Against security of first bonds over commercial and residential property
- For a maximum period of 12 months
- Where interest is serviced monthly and capital is repaid at the end of the period