Zorin Finance hits £500m lending milestone

By Roger Baird on Thursday 21 February 2019

Alternative Lending

The property platform said it has helped fund more than 2,500 homes.

Zorin Finance said it has lent more than £500m since the alternative property lending platform was launched eight years ago.

The London-based business, which targets small residential housebuilders, said it has seen a "surge in demand from small and medium sized developers and housebuilders looking for finance".    

The platform said it has provided over 135 loans, which has funded the construction of over 2,500 new homes since it was founded in 2011.

The firm recently appointed former Barclays and Paragon banker Mark Witherington, as director of regional lending.

The business was launched by chief executive Luke Townsend who set up the firm as a result of the difficulty he had obtaining high street bank finance when he was developing a prime property in London.

Townsend said: "Reaching such a big milestone at the start of the year is a significant achievement for the team and firmly establishes Zorin as one of the UK's leading alternative residential development lenders."

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