Zenzic Development Finance
The residential development arm of Zenzic Capital, writing £2m to £15m of stretch senior and mezzanine finance behind a £45m Cynergy Bank facility.
What they do
Zenzic Development Finance lends to small and medium housebuilders on residential-led schemes, offering stretch senior facilities that reach higher leverage than a bank will provide in one instrument, and mezzanine where a senior lender is already in place. A £45m three-year back-leverage line from Cynergy Bank agreed in 2025 sits behind the firm's own and managed capital. A new head of lending was appointed in 2026, and recent schemes span Lancashire, Essex and Nottinghamshire.
Where they fit in a lower-mid-market raise
The range maps onto a £3–15m development requirement almost exactly, and offering both stretch senior and mezzanine means a developer can either take one facility at higher leverage or top up an existing bank line without changing lender. Regional schemes outside the South East are core business rather than an exception.
Where they are not the fit
Lending is residential-led development only, so a commercial scheme or a trading business has no route. Single facilities above around £15m sit outside the current funding line. Primary residences are excluded, and pricing is not published.
Published terms
- Pricing
- Not published
- Speed to terms
- Not published
- Sponsored or sponsorless
- Lends to SME housebuilders and property developers (corporate/trading borrowers) secured on the development scheme, not private-equity-sponsor-backed corporate LBOs. Property-secured, not cash-flow
- Where they lend
- United Kingdom, residential-led development schemes for SME housebuilders/developers. Recent deals span Lancashire, Essex and Nottinghamshire. No published restriction to England-and-Wales only; parent describes lending across UK and Europe
- How they decide
- Direct-relationship led; repeat SME housebuilder borrowers form the majority of new lending
As published by the lender and last reviewed August 2026. Terms quoted on a deal are set by the credit, not by a published band.
The desks that lend
Zenzic Development Finance lends through 2 separate books. Which one reads a deal decides the security, the covenant package and the band, so the question is rarely whether Zenzic Development Finance lends, but which of these would own it.
Stretch senior development finance
- Facility
- £2m to £15m
- Security
- First-charge property; up to 75% loan to gross development value and up to 90% loan-to-cost
- Funds
- Growth · Refinance
- Rules out
- Primary residence; Single loan above ~£15m post-Cynergy line
Mezzanine development finance
- Facility
- £2m to £15m
- Security
- Second-charge property; up to 85% loan to gross development value and up to 90% loan-to-cost
- Funds
- Growth · Refinance
- Rules out
- Primary residence
How they sit against the category
- Its published ceiling is £15m; 42 of the 75 property-backed lenders here go at least as high.
- It starts higher than all but 11 of them, at £2m.
Counted across the 75 property-backed lenders in this directory, on what each one publishes. What a lender discloses and what it will do are different things.
Questions this page answers
How large a facility does Zenzic Development Finance write?
Published facilities run £2m to £15m. A band is what a lender states it will do, not what it will do on a given credit.
Where does Zenzic Development Finance lend?
United Kingdom, residential-led development schemes for SME housebuilders/developers. Recent deals span Lancashire, Essex and Nottinghamshire. No published restriction to England-and-Wales only; parent describes lending across UK and Europe.
What does Zenzic Development Finance lend?
The published product set is stretch senior development finance, mezzanine development finance. Published sector focus is residential-development, sme-housebuilder.
On the record
July 2025: £13m across three residential sites (Stalmine, Lancashire; Belchamp St. Paul, Essex; Bestwood Village, Notts), combined GDV >£17m; Stalmine 41 homes on an £8m dual-tranche senior+mezz loan (source: developmentfinancetoday.co.uk.
May 2025: £45m three-year funding line from Cynergy Bank, tripling max single loan £5m→£15m (source: mortgagesoup.co.uk / developmentfinancetoday.co.uk.
Sources: zenziccapital.com
This profile is a curated reference note drawn from public sources, not financial advice or a recommendation. Appetite and terms change; a lender's fit for a given credit is established by approaching it, not inferred from a page.