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Dragonfly completion volumes soar to record high in Q2

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  • 08/07/2013
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Dragonfly Property Finance completed its highest ever volume of loans per quarter over the past three months as demand from brokers grows.

The bridging lender reported 142 completions during the second quarter of 2013. The total value of loans was 32.5% higher than the same period last year.

The firm’s increased activity comes as it hires two business development managers to maintain a broker network which is growing at a rate of 25% per year.

Dragonfly chief executive Jonathan Samuels said the high level of completions showed improvements to services had made an impact: “Demand from our network of brokers is stronger than it has ever been and the depth of our funding lines mean that we are well placed to meet it.

“In the months ahead we intend to further grow our team and product range in order to accommodate this demand and further increase our market share.”

Founded in 2009, Dragonfly passed the £500m lending mark in January this year.

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