West One Loans has reached a £1bn milestone in development finance lending since it launched its offering in mid-2018.
The company achieved this by funding over 250 development sites across the UK.
The firm navigated challenges such as Brexit, the pandemic, build cost inflation, and interest rate hikes.
With plans to reach the next £1bn in three years, West One aims to support small and medium-sized developers in bringing more homes to market.
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, while 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.”
Murray added: “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.”
