Dragonfly Property Finance has now redeemed more than £0.75bn in loans since its launch in 2009.
The short and medium-term lender, which is part of the Octopus group, has a target of £2bn of completions by the end of 2015.
Last year Dragonfly passed £1bn of completions and, to date, has lent more than £1.3bn via approximately 2,500 loans.
Jonathan Samuels, CEO, Dragonfly Property Finance, said: “As any lender will know, redemptions are a key gauge not just of its own financial health and the quality of its underwriting but the market as a whole. The redemption levels we’re seeing underline the ever-improving quality of the borrowers out there and their understanding of the type of finance we provide.
“This is a positive not just for us but for all specialist lenders: the appetite for non-bank finance is growing by the day.”
