Zorin Finance closes 100th loan and funds 1,400 new homes

Zorin Finance, the alternative property lender, has provided its 100th loan, helping the business to fund the development of over 1,400 new homes since inception.

The funding of office to residential conversions makes up 68% of this figure, with the balance made up of new build houses and flats (28%) and a limited number of refurbishment projects (4%).

Zorin closed four loans totalling £45m in March alone, including an 18 unit development in Nottingham, a 145 unit PD scheme in Farnborough and the construction of 63 studios in North Finchley.

The business is founded by entrepreneur Luke Townsend and backed by a fund managed by PSC Eaglewood and Sir John Beckwith’s Pacific Investments.

Luke Townsend, CEO of Zorin Finance, said: “We established the business recognising the fact that the lending industry had failed to adapt to changing customer needs and the market environment. Funding 100 schemes and the development of over 1,400 new homes since 2011 is a testament to the fact that SME developers welcome our flexible, swift and tailored approach to lending, typically on terms out of the reach of traditional lenders.”

“In 2018, we aim to build on this success and further improve our offering by launching a new and highly competitive residential development senior debt product, whilst also raising further capital to support our ongoing market expansion.”




Recent Posts

Zorin Finance shortlisted a finalist in the Business Moneyfacts Awards 2019

12/12/18 | Latest News
Zorin Finance is delighted to announce that it has been shortlisted as a finalist in the Business Moneyfacts Awards 2019, in the...

Zorin on the panel at the Commercial Developers Conference

01/10/18 | Latest News
Zorin Finance will be participating at the Commercial Developers Conference organised by our client EquaGroup on 9th October 201...

Zorin Finance nominated finalist in RESI Awards 2018

21/03/18 | Latest News
Delighted to announce that Zorin Finance have been shortlisted as "Residential Financier of The Year" at the Property Week RESI...
This website uses cookies to ensure you get the best experience. Learn More