Real Estate - London, London, UK
Zorin Finance is a real estate lending platform which has sought to challenge, disrupt and reinvent a market which was ripe for change following systematic industry failures during the credit crunch. Taking learnings from traditional bank lenders in the 2000s and more recent troubles of the peer-to-peer lending market, Zorin was established in 2011 by entrepreneur Luke Townsend and backed by funds managed by PSC Eaglewood and Sir John Beckwith's Pacific Investments. With an in-house team of experts across property finance and technology, these combined skills enable Zorin to offer a transparent, efficient and flexible lending platform to property developers, typically on terms out of the reach of traditional lenders, with the backing of significant institutional capital. It specialises in development finance and bridging loans, offering an alternative lending solution to SME developers seeking to help resolve the UK's housing crisis. Zorin Finance are able to provide residential development finance from £1m to £50m and lend up to 90% LTC and 70% LTGDV. Funds are typically drawn within 4 to 6 weeks with no exit fees.
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