Specialist lender Glenhawk has hired Paul Gavin as business development manager, responsible for growing its loanbook across the Midlands, North of England and Scotland.
Gavin will be based in Manchester and reports to director of sales, Jamie Pritchard.
The veteran will be responsible for promoting the lender’s products in the regions with intermediaries, professional introducers and direct clients, including its regulated bridging product, launched at the end of last year.
Gavin, who has worked in financial services for 20 years, joins Glenhawk from HS Credit, where he was also business development manager.
Prior to that, Gavin worked at Oblix capital and Amicus, where he originated over £40m in lines of credit, including a facility of around £10m for the refurbishment of the iconic Manchester Hall.
Gavin spent almost 11 years at the Bank of Ireland, where he was part of the team responsible for deleveraging a £5bn loanbook down to around £500m, before it was transferred from Great Britain to Northern Ireland.
This year Glenhawk says it has grown its loanbook outside of London by 82%, “as the government’s commitment to the levelling up agenda, the working from home trend and ‘race for space’ have increased the appeal of regional real estate.”
Glenhawk provides short-term loans on residential, commercial and semi-commercial property, refurbishment and conversions as well as second charge with rates starting from 0.65%. Loans range from £250,000 to £5m on all unregulated products.
In March, the lender completed a £2m bridging loan with a UK firm, which was the group’s first loan in Scotland.
Last October, the firm began lending on regulated bridging products with loans ranging from £150,000 to £1.5m with rates going from 0.59% to 0.89% per month.
Glenhawk chief executive Guy Harrington says: “Having expanded our product suite in response to unprecedented levels of borrower demand, Paul’s appointment is a central part of our growth strategy to increase our footprint and coverage across the UK.
“His experience will enable us to roll out our new regulated and unregulated products in, where we see a clear opportunity to capture a larger share of the short-term lending market with Glenhawk’s tailored solutions.”
Earlier this week, MCI Mortgage Club added bridging lender Glenhawk to its lending panel.
