Magnet Capital expands sales team

By David Craik 1st June 2022

Specialist development finance lender Magnet Capital has expanded its sales team to meet growing demand.

The North London based group has hired Aidan Lesslie, originally from Scotland, but who has spent four years in Hertfordshire as an estate agent for Hamptons International.

Lesslie said he couldn’t wait to start the role and help Magnet meet its ever-increasing workload.

“I’m delighted to be joining a lender with a reputation for delivering a high-quality finance product. I can’t wait to get stuck in and learn more about the specialist lending industry,” Lesslie said.

Ashley Ilsen, Chief Executive, Magnet Capital added:

“As we grow as a lender it’s vital that our originations team are able to sufficiently service our broker partners.

Despite the many challenges ahead in the housing market, we’re still seeing excellent demand for our specialist services as we continue to provide fast and flexible development finance to the poorly serviced smaller end of the market.”

Earlier this year Magnet Capital announced a 2022 target of £60million of small development finance loans.

It has grown consistently since launch in 2018 having carved out a niche in the specialist lending market focussing on development finance loans below £2 million. The group lends at up to 55% GDV.