The bank said the new role was created to help meet demand for dedicated bridging options.

In this new role, Parr he will report to Jayne Follows, head of real estate finance.

Parr will be fully supported by Andrea Calverley, who joined the bank in March as a senior lending officer.

Parr has worked at Cambridge & Counties Bank since 2020, initially as a relationship manager and then, from January 2024, as a senior business development manager.

At Cambridge & Counties Bank, clients can access up to £5 million per property for commercial, residential or mixed-use assets over a maximum term of 24 months.

A key focus for the new team is bridge-to-term financing solutions. These facilities allow clients to transition onto longer term, more traditional commercial real estate loans, including dedicated refurbishment loans, without disruption.

Parr said: “I’m delighted to be working with Andrea and helping the bank capitalise on heightened demand for bridging loans at this key time.

“We have always offered bridging finance as a product but this has now become a more formal, strategic focus for the bank, with our solutions capitalising on direct access to experienced staff, common-sense underwriting and a clear route to term – all designed to keep property transactions moving when timing is critical.”

Follows said: “Bridging finance has developed from a niche product to a forward-looking, supportive funding answer to flexible property opportunities. While bridging is commonly known for speed, its inherent adaptability along with a clear exit strategy has made it an increasingly in-demand product which appeals to all areas of the market.”