George Patellis joins Montello
By Bridging Loan Directory -
George Patellis, former chief executive officer at Tiuta has joined London based real estate bridging finance lender and fund manager Montello as a senior adviser.
Patellis will join Montello, along with Richard O’Toole who was recently appointed a non-executive director and is also on the board of Goldman Sachs Bank (Europe) plc.
Patellis, who is based out of New York, will be assisting Montello with a range of strategic projects. This will include assessing the viability of establishing an office for Montello in New York (for North America), and implementing a range of internal processes which will assist the Montello grow its business.
Christian Faes, managing director of Montello, says: “We are excited to have someone of George’s calibre and experience join our team. We continue to see our firm recognised as one of the leading short term lenders in the UK, and our flagship Montello Income Fund is largely recognised as the leading real estate bridging finance fund in the market.
“George will be able to bring an invaluable amount of market knowledge and experience to our business, as we continue to expand our capital base and lending capacity into other niche areas such as medium term lending and JV partnerships.”
Patellis, adds: “Throughout my various discussions with the team at Montello, I was really taken aback with the business that they have been able to develop in their three years since starting up.
“They have gone about developing their loan book, internal processes and their whole business, in a very methodical and mature manner. There is a lot of work to be done, but I look forward to working with the Montello team to build a world-class specialist lender. The ability to broaden Montello’s proposition into other areas of lending from my base in New York, is yet another appealing aspect for me.”