Dragonfly passes £750m loan redemptions since launch
27 February, 2015
category: Residential, Secured, Short Term
Dragonfly Property Finance said that it had redeemed more than £750m in loans since its launch in 2009.
It said that the liquidity provided by its redemptions had put it in a strong position to achieve its target of £2bn of completions by the end of 2015.
Jonathan Samuels, CEO, Dragonfly Property Finance, said: “The redemption levels we’re seeing underline the ever-improving quality of the borrowers out there and their understanding of the type of finance we provide. This is a positive not just for us but for all specialist lenders: the appetite for non-bank finance is growing by the day.”
Last year Dragonfly passed £1bn of completions and, to date, has lent more than £1.3bn via approximately 2,500 loans.
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