The three projects, two of which are with existing SME housebuilder clients of Zenzic, have a total GDV of over £17m.

These include a 41-home development in Stalmine, Lancashire, which is funded via a £8m dual-tranche loan incorporating stretch senior and mezzanine facilities.

Elsewhere, Zenzic is supporting the construction of six homes in Belchamp St. Paul in Essex, one of which has already been forward sold.

The third site, located in Bestwood Village in Nottinghamshire, will deliver three five-bedroom houses.

“With the demand for housing outstripping supply across the UK, the development of new homes is vital,” said Simon Brown, head of lending at Zenzic Development Finance.

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“The majority of these latest transactions come from repeat borrowers and this is testament to the quality of our product, our speed of delivery and the deep client relationships our team has established.”

These loans follow the announcement in May that Zenzic has secured a three-year funding line of £45m from Cynergy Bank, to support the firm’s ambition of tripling its lending volumes this year.

“These latest loans build on the positive momentum following our announcement in May that we have secured a new funding line with Cynergy Bank, which enables us to accelerate our lending volumes and tap into the wall of demand from SME housebuilders for financing, particularly at higher LTVs where the impact of the retrenchment of traditional high street banks is most acute,” added Simon.