West One Loans has today announced that the company has hit the significant milestone of £1bn of lending within the development finance sector.
Founded in 2007, West One Loans offers one of the most comprehensive product ranges within the specialist finance lending sector.
The firm first launched its development finance offering back in mid-2018 and, today, the firm has announced another significant milestone in its relatively short history, completing a staggering £1bn of lending across the development finance space.
This milestone came as a result of funding over 250 development sites across the UK and has required West One to overcome the challenges posed by an ever-changing environment such as Brexit, the pandemic, ongoing build cost inflation and interest rate hikes, to name but a few.
Having navigated these challenges successfully, the firm is in better shape than ever and has ambitions of hitting the next £1bn in lending within just three years, as it continues to help small and medium size developers bring more homes to market.
Co-Head of Short-Term Finance at West One Loans, Guy Murray, commented:
“I began life at West One as an underwriter, what seems like a lifetime ago now, and have watched the company evolve, whilst 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.
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.”
