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Zorin Finance Enters Student Market

Posted by Richard Ward in ,

Image courtesy of Flickr, Creative Commons

Zorin Finance has completed its first student accommodation loan, taking it past the £400m lending milestone.

The property finance lender has provided a £12m facility to develop a 131-bed student scheme in Hockley, Nottingham. The development will also feature 5,922 sq ft of retail space.

The deal follows on from providing a £19m facility to facilitate the purchase of land, as well as the construction of 50 new houses in Chilmington near Ashford.

Commenting on the latest transactions, Andrew Scotting, head of lending at Zorin Finance, said: "Zorin Finance's growth has been rapid over the past three years as a result of the shortage of fast and flexible funding offered to SME developers."

"We are delighted with the success we've had to date and have our sights set high as we continue to grow."

"It is clear from the success we have had to date that developers welcome our swift and tailored approach and our ability to execute facilities quickly provides us with an advantage to traditional lenders."

Just recently Zorin announced the appointment of Derek Bradstock as its head of regional leading and was shortlisted as Residential Financier of The Year at the Property Week RESI Awards 2018.