Blend has been funding SME property developers in Northern Ireland since 2018 and has now decided to further step up its strong commitment to the Northern Irish market following the market strength witnessed over the past 12 months.
The arrival of Philip will help Blend deploy a large pool of funding recently committed by several family offices and a group of prominent investors. Philip’s appointment will also help the network expand its fast-growing regional footprint following the recent appointment of veteran property and finance expert Chris Mason as lending director based in Cambridgeshire.
Philip has 10 years of experience in banking and finance and deep knowledge of the Northern Irish property market. His most recent position was Relationship Manager in the corporate banking property team at Allied Irish Bank where he focused on providing specialist development finance to residential and commercial schemes across Northern Ireland. Philip’s extensive banking, finance and real estate career included a role within the Advisory Practice at PwC.
The news comes at an exciting time for the business and follows Blend’s recent completion of an equity funding round led by several notable family offices and experienced investors who also committed funding to deploy across the UK residential market. Blend will offer up to 70% LTGDV on development finance and bridging loans in Northern Ireland.
Yann Murciano, CEO at Blend Network, commented: “We are delighted to welcome Philip to our growing lending team. Philip has a breadth and depth of experience across the real estate and finance sectors, as well as extensive regional expertise, which will significantly help us scale our loan book. Philip’s appointment will allow us to expand our presence on the ground in Northern Ireland and his presence will help deploy our capital to the Northern Ireland property development market.”
Philip Anderson, Manager at Blend Network, commented: “I am very pleased to be joining Blend at such an exciting time. Blend is a dynamic and forward-thinking organisation with a strong appetite to offer development finance to experienced developers. While there are a number of factors that continue to hinder the supply of new housing stock coming to the market, I am hopeful that by increasing the availability of development finance it will go some way to increase the supply of new homes in Northern Ireland. Please feel free to get in touch with me if you wish to discuss any lending opportunities.”
