Zorin surpasses £300m lending milestone

Zorin Finance has funded over £300m of new loans to UK SME residential developers.

Since its inception in 2011, the alternative property lending specialist has looked to address the lack of development finance being made available by high street banks.

Zorin believes its versatile funding lines and lack of traditional fixed overheads allows it to lend faster and be more flexible than banks.

In total, 94 loans have been provided by Zorin, with no capital losses.

Looking ahead, Zorin intends to expand its product offering during 2018, as well as continuing to invest in its infrastructure to support its growing client base.

“Zorin Finance’s growth has been exponential over the past year as a result of the shortage of fast and flexible funding offered to SME developers,” said Luke Townsend, CEO at Zorin Finance (pictured above).

Luke revealed that Zorin had lent £180m during the past financial year and paid tribute to its team.

“We are delighted with the success we’ve had to date and have our aims set higher for 2018 as we continue to grow.

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

“It is clear from the success we have had to date 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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