Commercial News

Magnet Capital expands underwriting and operations team

Rozi Jones -
|
21st September 2020
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"We understand how much value our borrower and broker partners place on Magnet Capital’s deep industry knowhow and the team’s ability to act as a finance partner."

Development finance lender, Magnet Capital, has expanded its underwriting and operations team with the appointment of Rachel Taylor as operations executive.

Rachel joins from the Glass Property Group, a residential property developer specialising in London and the Home Counties, where she was responsible for managing the due diligence on potential development sites.

Since the property market reopened in May 2020, Magnet Capital has recorded its best month since launching in 2018. The level of new business written has risen by 33% with enquiries also up significantly year-on-year.

Sam Howard, managing director at Magnet Capital, said: "We are delighted to be able to hire someone of Rachel’s calibre. Coming from a property developer, Rachel brings invaluable insight into the developer's perspective.

"We understand how much value our borrower and broker partners place on Magnet Capital’s deep industry knowhow and the team’s ability to act as a finance partner. Rachel’s experience will bring an additional skill set and complement the existing operations team."

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