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Dragonfly passes £750m loan mark

  • 09/12/2013
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Dragonfly passes £750m loan mark
Dragonfly Property Finance has announced its total lending since launch has passed £750m, with more than a third of that currently on its loan book.

The bridging firm said it has lent more than £750m since it entered the market in 2009 and was likely to hit the £1bn mark in 2015.

The lender said it now had more than £300m in outstanding loans on its book for the first time.

Dragonfly said it was looking to gain more market share in the coming years and has appointed Ludo Mackenzie to oversee its new commercial bridging loan range.

Jonathan Samuels (pictured), CEO of Dragonfly Property Finance, said: “These are two major milestones and myself and the entire Dragonfly team are thrilled to have passed them. Clearly, neither of these achievements would have been possible without the brokers we work with.

“They are at the heart of everything Dragonfly does and our mission next year is to continue to help them and their clients as best we can. 2014 is teeing up to be another big year for both commercial and residential and we intend to support as many borrowers in their ventures as we can.”

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