Paragon Retains Investment Bank

Paragon Financial Corp., a residential mortgage lender based in Ponte Vedra Beach, Fla., has reported the retention of JPS Capital Corp. to help raise $7 million to $10 million in growth capital.Paragon said it plans to use the proceeds to increase its warehouse facilities, add loan officers, expand its wholesale broker network, and pursue acquisitions. JPS will also assist in any merger-and-acquisition advisory work, the company said. Paragon can be found on the Web at http://www.paragonfinancial.com.