Zenzic Development Finance triples loan capacity with £45m facility

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Zenzic Development Finance has secured a three-year funding line of up to £45 million from Cynergy Bank, significantly expanding its lending capability to residential developers across the UK.

The agreement with the challenger bank enables ZDF to treble its maximum loan size from £5 million to £15 million, as the firm targets a threefold increase in lending volumes during 2025. ZDF, led by head of lending Simon Brown, is the newly rebranded residential development finance division of Zenzic Capital.

The enlarged facility will allow ZDF to serve a wider pool of experienced SME housebuilders and property developers, with the firm positioning itself as one of the few lenders currently offering Stretch Senior Development Finance. Its proposition includes loans of up to 75% loan-to-GDV and 90% loan-to-cost on senior facilities, and up to 85% loan-to-GDV and 90% loan-to-cost on mezzanine finance.

Nadine Buckland, co-founder and chief executive of Zenzic Capital, said the funding comes at a crucial time for the housing market: “This new funding line will allow the newly rebranded ZDF team to accelerate its lending volumes and tap into the significant demand from SME housebuilders and developers for financing in a challenging macroeconomic environment. The UK is relying on these businesses to address the country’s acute housing shortage and we take our role in supporting them very seriously.

“Cynergy is one of the UK’s leading challenger banks and in them we have a likeminded capital partner that we look forward to working with in financing the best counterparties and schemes across the UK.”

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