Dragonfly sees large increase in AIPs

Nia Williams

September 21, 2011

Between 1 March and 1 September of this year, Dragonfly had 717 AIPs. This compares to 467 made during the six months between 1 September 2010 and 1 March 201, a rise of 37%.

This week Dragonfly, which launched in 2009, also completed on its 400th loan, again confirming strong activity levels — and liquidity — within the short- and medium-term loans sector.

Commenting Mark Posniak, head of marketing & operations, Dragonfly Property Finance, said: “The strong rise in AIPs over the past six months drives home just how robust the bridging market has become.

“With mainstream financing options still in short supply and demand among portfolio investors high, the bridging market is really reaping the benefits. The fact that completion levels are also high underlines both the strong liquidity in the sector and the high quality of borrowers.”

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