London-based specialist short and medium-term finance company, Dragonfly Property Finance will announce today that it has passed £100 million of redemptions since it launched in late 2009, of which nearly a quarter (£24 million) were in the third quarter alone. These figures support more evidence that the bridging sector continues to boom.
Mark Posniak, Head of Marketing & Operations, Dragonfly Property Finance, commented:
"The bridging market has gone from strength to strength over the past two years and the fact we have hit £100m of redemptions, with a sharp spike in Q3, reflects this. With liquidity for buy to let and non-conventional loans still in very short supply, we expect continued growth for the sector during the rest of the year and throughout 2012.”
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