James Bloom has been appointed Managing Director for Masthaven’s Short Term Lending division. This is a new role encompassing the bank’s bridging and development finance lending teams. James was previously Managing Director of the development finance team.
Commenting on his new role, James said:
“I’m delighted to be leading Masthaven’s short-term lending business – a division that we recently enhanced significantly with a suite of new offerings. The new team structure is a reflection of the growth Masthaven is seeing in this sector. These are incredibly exciting times in Masthaven's evolution and business development and I’m delighted to be an instrumental part of this process. I look forward to working with the team, to continue to innovate and meet customer needs; exciting times for 2018!”
Jon Hall, Managing Director of Masthaven added:
“With 30 years of experience in property, James’ unique set of skills and deep knowledge of short-term lending are a vital part of the bank’s growth in this sector. His new role reflects the significant contribution he made as MD of our development finance division since mid-2016. With James leading the lending business and Richard Deacon leading sales I’m fortunate to be working with two of the most experienced and well regarded individuals in the short term lending market”
In mid-September 2017 Masthaven launched its extended suite of Short-Term Lending solutions, in response to increased demand from brokers for simple flexible short-term lending with a quick turnaround. The extension incorporated a Light Development product, and enhancements to the bank’s Bridging proposition through the introduction of Standard and Prime Bridging products, alongside Development Finance and Commercial bridging loans.
About Masthaven Bank Ltd
- James assumes his new position on 1 December 2017.
- Both James Bloom and Richard Deacon (Sales Director for Short Term Lending) will report into Jon Hall, Managing Director of Masthaven.
Masthaven launched as a retail bank in 2016. It offers award-winning saving and lending products. Prior to that, Masthaven Finance has provided a flexible and personalised approach to bridging loans and secured lending since 2004. Today, the bank’s knowledgeable and experienced specialists are committed to providing customers with flexible and fixed term savings accounts, bridging loans, development finance, and mortgages. In 2017 it was named Most Innovative Savings Provider in the Moneynet Personal Finance Awards; and Best Bridging Lender in the Coreco Awards. Masthaven Finance featured in 2015’s The Sunday Times’ Virgin Fast Track 100 (at number 81). The bank ranked 240 in Financial Times’ FT1000 list published in 2017. The bank is regulated by the Financial Conduct Authority and Prudential Regulation Authority.
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