Relendex announces new senior hires

By Bridging Loan Directory 30th November 2018

Relendex, the Peer-to-Peer lending exchange dedicated entirely to financing UK property, announced has hired three new team members to help reach its lending target of £100m in 2019.

George Petrou takes the position of Underwriting Manager, while Rick Davey and Danny McMurdo fill the Business Development Manager (BDM) positions and will be based in the North West and South West:

George Petrou has an in-depth knowledge of bridging finance and his experience will allow Relendex’s business developers to give potential borrowers the speedy preliminary decisions they need.
Rick Davey joins Relendex from Together Money & Santander. He has a strong history of working in the financial services industry across a number of sectors including mortgages – commercial/ residential and bridging – and will be responsible for growing the Relendex borrower community in the Greater Manchester area and beyond.
Danny McMurdo is already familiar with the P2P industry, having joined Relendex from Folk 2 Folk. Prior to this Danny worked with several building societies. Danny has extensive knowledge of the South West and Bristol areas.

Peter Thomson was also appointed as a BDM to focus on the Midlands, who had extensive financial service and sales experience. Unfortunately, Peter passed away shortly after taking the position and we send our deepest condolences to his family.

The BDMs will build Relendex’s borrower portfolio making loans available across the bridging, redevelopment and new-build residential sectors as well as commercial and industrial assets where circumstances allow.

The three new recruits are the latest in a series of moves made by Relendex in the last few months to expand their offering, this includes extending the maximum loan to £5m and appointing Paul Sonabend as Commercial Director.

Michael Lynn the CEO of Relendex said:

“Over the last six months, Relendex has put in place the structure that will allow the company to grow exponentially. We are now positioning ourselves to meet our ambitious loan target of £100m in 2019. As we grow, we stay true to our traditional property values and want to make sure that we continue to build a team of highly experienced property and financial service professional’s who thoroughly understand the UK property market. Our new BDMs will enable us to source loans across the country and ensure we are providing lenders the best possible offering.

“Our model, connecting lenders directly to borrowers, means that we are able to offer property developers and house builders the finance they need to keep growing. Relendex provides competitive interest rates to our borrowers, as well as our lenders.”