This comes after the London-based principal real estate lender closed on a £25m loan note programme in November 2018.
ZSL has already deployed almost £1m of this capital into two transactions and has a further pipeline of transactions in excess of £15m.
The lender offers loans up to £5m in both junior and senior positions and focuses specifically on SME developers that are able to deliver affordable housing in growth locations across the UK.
Speaking to Development Finance Today, Daryl Thorpe, co-founder and principal at ZSL Capital (pictured above), said: “We like to think that our differentiator is how we are able to partner with developers.
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“A lot of the team have experience in intricate structured finance and real estate transactions and we bring the ingenuity and flexibility those disciplines instil to help us work more effectively with developers and be a more supportive, long-term capital partner.”
ZSL is part of the Zenzic Partners Group – a merchant banking practice founded in 2014, which has expertise across real estate and asset-backed industries offering debt advisory, M&A and capital markets capability.
Daryl claimed that the advisory platform gave it a number of advantages, of which the key was the ability to generate a proprietary pipeline from the advisory group’s clients and to help it stay abreast of wider credit markets, which can assist in non-sale exit routes, should they be required.
Commenting on ZSL’s 2019 growth plans, Daryl added: “Our key aims are to deploy existing capital and then take further finance to both enhance our existing residential offering and move into other sectors, such as student accommodation, later living, hotel and serviced apartments.”