The Octopus Group-owned firm has incurred less than 0.1% of capital losses during this period, with redemptions of almost £1.4bn.

Mark Posniak, Managing Director of Dragonfly Property Finance, said: “We may be one of the biggest specialist lenders out there these days, but our collective drive, hunger to lend and ability to adapt to market conditions remain as strong as they were on day one. 

“Our team is growing fast and is now a perfect balance of old hands and young blood that wants to make its mark.”

The figures were boosted by Dragonfly celebrating over £75m in completions during December 2015, its biggest single month to date.

Its second billion of lending was achieved in less than half the time of the first, which Dragonfly attributes to a proactive hiring strategy, product diversification and support from the Octopus Group.

Dragonfly’s products include commercial and residential bridging, development funding and Octopus Choice, a new peer-to-peer lending product launched by Octopus Investments.

Simon Rogerson, CEO of Octopus, added: “Dragonfly, without a doubt, is one of the success stories of the UK alternative finance market, although anyone familiar with Mark and his team will know there’s a lot more to come yet.

“Its phenomenal underwriting and instinct for risk should certainly give financial advisers and any potential investors in Octopus Choice genuine peace of mind.”