The value of loans completed by Dragonfly Property Finance increased by 108% during 2013 as the Short- and medium-term lender reported record results.

Last year, Dragonfly completed on 65% more loans than it did during 2012, while agreements in principle also rose significantly last year, both in terms of numbers and value.

Dragonfly made 42% more AIPs during 2013, with a value 38% higher than the previous calendar year.

Jonathan Samuels, chief executive of Dragonfly Property Finance, said: “2013 was the busiest year for Dragonfly by a distance.

“The understanding of short- and medium-term finance has matured considerably and this, coupled with improving economic and market conditions, has seen the demand for our products soar.

“With our recent acquisition by Octopus Capital, we are well positioned to continue on this growth trajectory during the course of 2014. In January we have already had an exceptional start to the year: there is no sign whatsoever of a let-up in demand.”