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Dragonfly issues £66m loans

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Alternative lender Dragonfly has issued £66m of development loans in the first five weeks of the year.

The company, which specialises in short- and medium-term loans to smaller investors, issued the loans to 10 development projects across the UK.

One of the projects is for six luxury apartments in Ealing and another is for a 48-bed student accommodation scheme in Worcester.

All 10 loans were given legal support by Weightmans.

mike.cobb@estatesgazette.com

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