BridgingDevelopment FinanceNews

Zorin celebrates milestone

Residential development finance specialist Zorin Finance has funded residential property developments with a total GDV of over £150m during the past 12 months.

Zorin’s Founder and CEO, Luke Townsend said: “Our lending levels over the past 12 months are proof that small-to-medium sized housebuilders are increasingly looking beyond high street banks for their sources of development funding. Indeed, thanks to our speed and flexibility, we are often viewed as a more attractive proposition by developers who need to secure sites quickly and spread their equity further.

“Moreover, it is gratifying to know that loans advanced by us will help build over 350 new homes in a market which still has a persistent shortage of supply.”

Zorin was founded in 2011 and is backed by funds managed by MW Eaglewood and Sir John Beckwith’s Pacific Investments.

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