Dragonfly passes £1.5bn of completions

By Bridging Loan Directory 17th July 2015

H1 2015 beats all equivalent periods since launch by both number and value of loans

London, 17 July 2015 – Short- and medium-term lender, Dragonfly Property Finance, part of the Octopus group, today announced its biggest H1 to date, which has seen it break through the £1.5bn completions barrier.

During the first six months of the year, the value of the loans completed by the specialist lender was 17% higher than the same period in 2014, and 79% higher than H1 2013.

At the end of June, the strong first-half performance took Dragonfly to £1.512bn of completions since launch in 2009.

In terms of the number of loans, Dragonfly saw an increase of 10.5% on the first half of 2014 and 78% on H1 2013. Numbers increased across both its residential and commercial divisions.

Mark Posniak, Head of Sales & Marketing, Dragonfly Property Finance, commented:

“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. It’s a challenge but that’s what we enjoy most at Dragonfly, and we remain as 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.”