Residential development lender Zorin Finance has issued loans on more than 350 properties in the last 12 months with a gross development value of over £150m.
Luke Townsend, chief executive at Zorin Finance, said the milestone was indicative of the way in which smaller housebuilders are looking beyond the high street for development funding.
“Thanks to our speed and flexibility, we are often viewed as a more attractive proposition by developers who need to secure sites quickly and spread their equity further,” he said.
Zorin Finance was founded in 2011 and is backed by funds managed by MW Eaglewood and Sir John Beckwith’s Pacific Investments.
http://www.propertyweek.com/news/zorin-finance-funds-more-than-350-properties/5086180.article