West One Loans has reached the milestone of £1 billion of lending within the development finance sector.

The firm first launched its development finance offering back in mid-2018 and this milestone came as a result of funding over 250 development sites across the UK.

It now has ambitions of hitting the next £1bn in lending within just three years.

Guy Murray, co-head of short-term finance at West One Loans,  said: “I began life at West One as an underwriter, what seems like a lifetime ago now, and have watched the company evolve, whilst also having the opportunity to progress my own career, first to Head of Development and then Co-Head of Short-Term Finance.

“I’m incredibly proud of the journey we have been on and this momentous milestone signifies both the growth and achievements of the specialist lending sector as a whole, as well as the outstanding team that makes West One a leader within the sector.

“We’ve learnt a lot along the way and this has allowed us to continuously evolve our position within the sector for the better and, as a result, we’re confident that the next £1bn in lending will come at a far quicker pace.”