The lender‘s heavy refurbishment product accounted for 36% of deals, representing £185m.

Another 21% of deals, totalling £101m, were written on the no-valuation product which was developed to complete cases in 10 days or under, while development exit bridges accounted for 17% of deals, worth £94m.

The remaining 24%, which accounted for £120m of lending, was spread across commercial, BTL purchases and refinances for capital raising — just over £40m of this amount was written on the bridge-to-let product.

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Over the last eight years the lender’s largest bridge was £8.2m, with an average facility size of £735k — while the fastest time-to-fund was two days with over half of these deals completed within a month of initial submission.

The completions were submitted by 193 different broker firmson properties across England and Wales.

Ed Ahrens, CEO at Aspen, said: “This is a remarkable achievement, and at the outset I want to thank all our introducers and our amazing staff who have been with us on this journey so far.”

Jack Coombs, managing director at Aspen, added: “To go from a standing start to where we are today is a huge success story, we will continue to innovate and rest assured we will lend the next half-a-billion pounds a lot quicker.”