Magnet Capital charges ahead with growth
By David Craik -
Development finance lender Magnet Capital has expanded its Underwriting and Operations team as growth continues to surge during the pandemic.
The London based group said it has appointed Deborah Field as Operations Executive to help it meet its ever-increasing workload.
Deborah has, the company added, considerable property knowledge and experience having initially qualified as a property solicitor at a Top 10 international law firm and then holding a number of positions within the Real Estate sector.
She has had some notable roles during her career included being head of the in-house legal team at a property management company. Deborah also worked as the sole in-house solicitor for a private sector company that helped public sector bodies to unlock the value within their property assets.
“We are delighted to be able to hire someone of Deborah’s calibre. Deborah’s experience of both working for a leading law firm and inhouse for property companies, underlines our belief in hiring only the brightest and best to provide a first-class service,” said Sam Howard, Managing Director at Magnet Capital.
“We understand how much value our borrower and broker partners place on Magnet Capital’s deep industry knowhow, expertise in the property sector and the team’s ability to act as a finance partner. Deborah’s experience will bring an additional skill set and complement the existing operations team.”
Magnet said the appointment had come off the back of its strong performance since the property market re-opened in May last year after the first Covid lockdown. It will also, it said, help it fulfil its “ambitious” future plans.
Magnet Capital said it has seen stellar growth over the last 17 months with the level of new business being written rising dramatically. It has also seen the level of enquiries up significantly year-on-year.
Howard said Magnet Capital has had all its loans that started pre 2020 redeemed. In addition, it has seen a high level of repeat borrowers, with some on their third or fourth loan.
The development finance lender has attributed this growth to its consistent approach to lending through the pandemic and its hands on approach.
David Craik is a freelance journalist writing news, feature articles, blogs and guides for national newspapers and magazines. His main areas of interest include finance, property and investments.