Dragonfly reach £500m milestone
The short and medium term lenders also passed the landmark of completing 1500 loans in March.
Dragonfly, which launched in 2009, is targeting £1bn of loans to be completed during 2014.
Jonathan Samuels, chief executive officer of Dragonfly Property Finance, said: “As other firms in the sector will confirm, the first few months of 2014 have been exceptionally busy.
“2013 was the biggest year yet for bridging but 2014, at the current rate of growth, should beat it hands down.
“We’re especially pleased that our redemption levels continue to rise so strongly, as this reflects the quality of the borrowers out there and growing maturity of the sector. Alternative finance is becoming increasingly mainstream.”