AIPs rise by 37% over six months
Short and medium-term lender, Dragonfly Property Finance, today announced a sharp rise in the number of AIPs (agreements in principle) over the past six months.
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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.
Mark Posniak, Head of Marketing & Operations, Dragonfly Property Finance, commented:
"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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