Zorin closes 100th loan



Zorin Finance has provided its 100th loan capping a strong first quarter for the property lending specialist, whereby it completed four loans totalling £45m in March alone.

The lender has helped to fund the development of over 1,400 new homes since its inception.

Of the these homes, 68% were office-to-residential conversions, 28% were new-build homes, while 4% were refurbishment projects.

This month, Zorin has financed an 18-unit development in Nottingham, a 145-unit permitted development scheme in Farnborough and the construction of 63 studios in North Finchley.

Luke Townsend, CEO at Zorin (pictured above), said it aimed to build on this success and improve its offering by launching a new residential development senior debt product.

“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.”


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