This has funded the construction of 43 residential open market properties with a combined GDV of £25m.

Five different SME housebuilders have been funded as a result.

The development projects include the construction of five detached houses in Scorton, North Yorkshire, with an existing Zenzic borrower. Each unit has its own private garden and garage.

Elsewhere in the country, in East Ayton, Zenzic has funded the development of nine new build houses for an experienced developer.

Zenzic has also been involved in two conversions.

A former pub in Welham Green, Hertfordshire, is being converted into three apartments with the development of six further houses on the same site.

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Similarly, Zenzic is also funding the conversion of a former pub in Seaford, East Sussex, into four apartments together with four duplex houses and a retail unit pre-let to a national retailer.

The fifth project has been the equity release and construction of 12 new build houses in a green belt location in Brentwood, Essex.

“These latest deals continue the firm’s positive momentum and demonstrate the impressive geographic reach of the platform and its wide borrower base,” said Simon Brown, head of development finance lending at Zenzic (pictured above).

“It is especially encouraging to continue working with repeat clients and we look forward to supporting them again on future projects.”