"We are delighted to be launching a dedicated property division on the backcloth of arranging in excess of £140m of property funding in 2018."
Midlands Asset Finance has launched a new property arm, MAF Property Finance.
The team will oversee all aspects of property finance, including commercial owner-occupier mortgages, property investment and property development.
MAF director, Dave Chapman, will lead the team and handle investment and development funding, alongside Andy Keal, Ian Brown and Paul Delaney. Rachel Borlace and Hayley Chapman are also part of the division and will be specialising in dealing with commercial mortgages.
Andy, Ian and Paul have held previous roles at Yorkshire Bank, Royal Bank of Scotland and NatWest, respectively.
Dave Chapman said: “We are delighted to be launching a dedicated property division on the backcloth of arranging in excess of £140m of property funding in 2018.
“We have grown the team, who have over 180 years’ combined experience in the sector, and we are looking forward to helping more property clients to grow their business in 2019.”
Director of property finance, Andy Keal, added: “We are seeing an increasing number of developers working with us and taking the option of 100% development funding and putting the land in as contribution.
“We work with a variety of specialist funders and we are able to move quickly to secure the right deal for our clients.”