Exclusive: Lender exceeds £1.5bn in completions

Exclusive: Lender exceeds £1.5bn in completions




Short and medium term lender Dragonfly Property Finance has announced its biggest H1 to date, where it has surged past £1.5bn worth of completions….

Short and medium term lender Dragonfly Property Finance has announced its biggest H1 to date, where it has surged past £1.5bn worth of completions.

The H1 2015 figure is said to have beaten all equivalent periods since launch by both number and loans.
 
During the first six months of this year, the value of loans completed by Dragonfly was 17% higher than the same period last year.

This is a colossal 79% higher than the figures in H1 2013.

The lender broke the £1.5bn barrier at the end of June, when it reported £1.512bn of completions had been made since launching back in 2009.

Dragonfly saw a 10.5% increase on the first half of 2014 in the number of loans, and 78% on H1 2013.

It was noted that figures increased across both residential and commercial divisions.

“Last year we said that we were targeting £2bn of completions by the end of 2015, and having just delivered our strongest first half yet, we have a good chance of getting there,” commented Mark Posniak, Head of Sales & Marketing at Dragonfly Property Finance, adding that they remained “hungry to lend as ever.”

“The impact of our commercial division is becoming stronger by the day and this is providing added momentum.”

“It goes to show what is possible when you have a great team in place and a loyal introducer base,” Mark concluded.  

B&C also exclusively revealed last week that Dragonfly’s commercial appetite had been sized up at £350m and that its loan book was in excess of £550m.

Dragonfly is part of the Octopus Group, a fast-growing UK fund management business that manages more than £5bn worth of funds on behalf of 50,000 investors.

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