Relendex announces appointment of new commercial director

By Bridging Loan Directory 18th October 2018

Relendex, the leading Peer-to-Peer lender specialising in the UK property market, has announced the appointment of Paul Sonabend as Commercial Director.

Paul qualified as a Chartered Accountant at BDO in 1982, having studied economics at the LSE. Paul is a serial entrepreneur, having established his own businesses and invested as a Business Angel in many others. Paul has worked as a CFO in companies as diverse as food packaging, airline catering, health diagnostics, commercial translation and market research.

Commenting on the announcement, Michael Lynn, CEO at Relendex, said:

‘At Relendex, we are always looking for ways to take the company into the next stage of its growth. Paul’s appointment is a clear demonstration of this. Paul has a wealth of experience and his strong expertise and deep understanding of Lender’s needs will be vital as we continue to expand the business.’

Paul Sonabend, pictured, newly appointed Commercial Director at Relendex, added:

‘I am excited that Relendex now has a real opportunity to play a part in solving two of the UK’s pressing problems; the housing shortage and the poor rates of return on offer to most savers. By helping our team to continuously provide products that will finance housebuilders and developers whilst paying the lion’s share of the interest we charge to our lenders, I am looking forward to playing a part in making the P2P industry firmly establish itself as a mainstream source of finance, with Relendex at the forefront of our rapidly emerging industry’.