Luke Townsend

Zorin reaches £200m lending milestone after completing its largest loan

Zorin Finance has exceeded £200m of lending after completing its largest deal to date.

The £26m loan to developer Vision Homes will fund the construction of 82 properties in south-west London.

The lender has now funded a total of 78 loans with zero capital losses since its launch in 2011.

“Zorin Finance offered us an attractive borrowing proposition, based on their expert knowledge of the property sector, flexibility, transparency and ability to move swiftly,” said Parma Sulh, CEO of Vision Homes.

“It is clear to us that alternative lenders such as Zorin offer a crucial way for housebuilders to realise their developments under challenging market conditions and deliver important new homes for Britain.”

Luke Townsend, CEO of Zorin Finance (pictured above), added: “We established the business recognising the fact that the lending industry had failed to adapt to changing customer needs and the market environment.

“Alternative lending in residential development is growing meteorically each year, with traditional lending in decline.

“With limited financing a major contributor to the UK’s housing shortage, we aim to support the re-establishment of the SME housebuilding industry to deliver crucial new homes.”

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