Mission Statement
By facilitating the flow of capital to distressed homes, help revitalize the U.S. residential housing market, promote the well being of tenants and neighbours, while generating an attractive return for our clients, investors and partners.
Core Values
- Integrity - We view integrity as the foundation of any good business relationship. Doing the right thing benefits everyone regardless of the work or sacrifice. We also expect the same ethical behaviour from our partners, suppliers and employees.
- Client Centric - The heart of our business is creating value for our clients. This philosophy informs every decision and helps ensure that Paragon’s properties are superior to competing investments. Our hard work translates to significant value for our clients and our company.
- Risk Aversion - We commit capital only after we are confident that attractive returns can be delivered with minimal risk. Every market and property undergoes stringent due diligence for the benefit of both clients and shareholders. We would rather miss an opportunity rather than make a hasty, uneducated decision.
- Profit Motive - We are in business to produce profit for clients, shareholders and ourselves. The best way to accomplish this is to manage properties as if the money invested is our own. We manage costs carefully and maintain a long term view.
- Community - The downturn in the residential real estate market has severely eroded homebuyer access to capital and financing, which has undermined economic stability. We believe that attracting domestic and foreign investors is vital to stabilizing home prices and the communities they comprise.
Andrew Broeren
was Managing Director for a residential property investment company in London buying large residential developments, renting and reselling to clients. Prior to that he was Head of Structured Finance for Southern Europe at HSBC Bank covering origination, structuring and deal execution for all asset classes in that region.
Has extensive experience in credit analysis, property valuation and risk assessment from his time spent as Associate Director at Standard & Poor's. Published credit opinions and became an accredited speaker at many Asset-Backed forums.
Qualified and practiced Corporate & Insolvency Law. Received degrees in both law and economics from Monash University, and a Graduate Diploma in Applied Finance & Investment from The Securities Institute of Australia.
Jerry Dufloth
has over 20 years of real estate experience, having managed, developed and invested in hundreds of distressed commercial and residential properties. Has delivered annual returns exceeding 20% for investors across multiple residential partnerships in Southern California, including the Kernco Fund, which exceeded 30% on 23 properties.
Specialized in property tax reassessments and consulting in California, successfully representing Fortune 500 companies, high profile professionals, athletes and celebrities.
Was an analyst at Houlihan, Lokey, Howard and Zukin, a specialty investment banking firm, where he assisted in the valuation of privately held companies. Received a B.A. degree in Economics from UCLA.
Mark Jeanetta
has extensive experience in real estate development, construction and investment analysis. Has delivered annual returns exceeding 20% for investors across multiple residential partnerships in Southern California, including the Kernco Fund, which exceeded 30% on 23 properties.
Was Director of Corporate National Sales for Red Lion Hotels, managing accounts for Sony Pictures, Allstate Insurance, Amgen and Citibank. Was a partner in an international import/export company focused on sporting goods, athletic wear and children’s toys.
Received a degree in Business from the University of Nebraska.
Thomas Chilton
was a partner at AgFe, a London based fixed income advisory and asset management firm. At AgFe he was Head of Strategy and Special Projects and managed over €4bn of distressed CMBS assets. In addition, he identified, structured and due diligenced investments for clients and served as interim CFO for the first year of operations. Tom has over 15 years of financial markets experience including corporate and structured finance, capital markets and treasury functions. He has experience with a variety of asset classes including CMBS, CDOs and consumer ABS. Prior to joining AgFe Tom worked in the Global Commercial Real Estate Group at Lehman Brothers in New York and prior to that was Vice President of Capital Markets for a US specialty finance company. Tom also worked at Toyota Financial Services as Asset Backed Funding Manager. Tom holds an MBA from California State University, Long Beach and a Bachelor of Science in Finance from Arizona State University
Steve Cuthbertson
Steve has more than 20 years’ experience in international business development and has property holdings in the USA and Australia. He is the founder of Ecco Assets Inc a US green property development company that has successfully renovated, tenanted and sold over 400 Investment Properties.
