ZSL Capital is aiming to grow its loan book to more than £100m by the end of 2020.
This comes after the London-based principal real estate lender closed on a £25m loan note programme in November 2018.
ZSL has already deployed almost £1m of this capital into two transactions and has a further pipeline of transactions in excess of £15m.
The principal lender offers loans up to £5m in both junior and senior positions and focuses specifically on SME developers that are able to deliver affordable housing in growth locations across the UK.
Speaking to Development Finance Today, Daryl Thorpe, co-founder and principal at ZSL Capital, said: “We like to think that our differentiator is how we are able to partner with developers“.
“Our team has experience in intricate structured finance and real estate transactions and the ingenuity and flexibility those disciplines instil help us work more effectively with developers and be a more supportive, long-term capital partner.”
ZSL is part of the Zenzic Partners Group – a merchant banking practice founded in 2014, which has expertise across real estate and asset-backed industries offering debt advisory, M&A and capital markets capability.
Daryl claims that the advisory platform gives ZSL a number of advantages, including the ability to generate a proprietary pipeline from the advisory group’s clients, and to help it stay abreast of wider credit markets, which can assist in non-sale exit routes should they be required.
Commenting on ZSL’s 2019 growth plans, Daryl added: “Our key aims are to successfully deploy existing capital and then take further finance to both enhance our existing residential offering and move into other sectors, such as student accommodation, later living, hotel and serviced apartments.”
Click here to see the press announcement in Development Finance Today.