Magnet Capital continues expansion with second new hire this year

Magnet Capital has today announced the expansion of its Underwriting and Operations team with the appointment of Rachel Taylor as Operations Executive.

 

The development finance lender’s recent strong performance and ambitious future plans has led Magnet Capital to expand its team to meet the increasing workload.

 

Rachel brings considerable industry expertise and experience; joining 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.

 

Magnet Capital has seen stellar growth since the property market reopened in May 2020, recording 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. The development finance lender has attributed this growth to its consistent approach to lending through the pandemic.

 

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.”