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Paragon - Mortgage Trust completes £500 million financing

30 January 2004
The Paragon Group of Companies plc revealed that Mortgage Trust had yesterday completed a financing totalling £500 million backed by prime buy-to-let mortgages

Nick Keen, Paragon finance director commented: 'This transaction is the first Paragon has undertaken to finance Mortgage Trust's growth since we acquired Britannic Money in 2003 and the high quality of the mortgage loans originated makes this a very natural addition to the Paragon programme.'