The residential development finance specialist provided funding for the development of 350 new properties.
Zorin is backed by funds managed by MW Eaglewood and Sir John Beckwith’s Pacific Investments.
Zorin was established in 2011 to address the funding gap created by banks as they retreated from the financial real estate market.
Luke Townsend, founder and CEO of Zorin, said its lending levels over the past 12 months were proof that SME housebuilders were increasingly looking beyond the high street for development funding.
“…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 [to] build over 350 new homes in a market which still has a persistent shortage of supply.”
Leave a comment