Andy Sears joins specialist property development team

By Bridging Loan Directory 20th March 2013

British challenger bank, Aldermore has promoted Andy Sears to the role of Property Development Manager.

Andy joins a growing specialist team led by Peter Owen, Head of Property Development Lending, and is responsible for assessing, structuring and progressing property development loan applications from initial submission through to final completion. Aldermore’s property development team is targeting experienced and established developers who need to borrow between £500,000 and £5m per project.

Andy Sears was previously a regional Sales Manager with Aldermore Invoice Finance and prior to that was part of the commercial banking team at NatWest for six years.

Andy Sears said:

“Many regional property developers are finding that good quality projects are being held up because of lack of funding. Aldermore is able to help experienced property developers across the country get such projects back on track and I look forward to speaking to them during the months ahead.”

Peter Owen, Head of Property Development Lending at Aldermore, said:

“I’m delighted to welcome Andy to our growing team. His understanding both of commercial banking and Aldermore will be an invaluable help, as he takes responsibility for his new role as a Property Development Manager. I would like to wish him every success for the future.”

Aldermore has lent more than £2 billion (a combination of commercial mortgages, residential mortgages, asset finance and invoice finance) since first opening its doors for business in the summer of 2009.