Former Cogress CFO joins Magnet Capital

By Bridging Loan Directory 10th October 2018

Magnet Capital have today announced that former Cogress CFO Paul Israel has joined the company as CFO and Co-founder ahead of their launch into the broker market on October 22^nd.

Paul was part of Cogress from its foundation in 2014 until 2017, during which he created its business plan, helped Cogress launch its first 35 property projects and raised £115 Million of investors equity. Previously, Paul trained as a Chartered Accountant before working at the Virgin Group Head Office and in several high growth entrepreneurial businesses.

Paul, pictured, commented:

Magnet Capital are forming a very special and dynamic team. It is a wonderful and exciting business to be joining. Together with Sam and Ashley we have built a very clear vision for entering the development finance market and I am delighted to be a founding part of it”

Managing Director Sam Howard commented:

“It is a real coup to have Paul on board. His financial expertise is essential to the growth of Magnet and he comes with a deep understanding of residential development projects. He was instrumental in the growth of several successful start-up businesses, including Cogress, and we are delighted that he is now part of the Magnet family.”

Magnet Capital open their doors to the broker market on October 22^nd.