Alex Kyriacou joins LendInvest from MarketInvoice, Europe’s largest invoice trading platform, where he was a partnerships manager working closely with financial intermediaries, banks and accountancy firms. Previously Alex managed commercial finance brokerage at Touch Financial and also held underwriting and business development roles at Mortgage Express, part of the Bradford & Bingley Group.
Tom Madden, a CeMAP-qualified mortgage adviser, joins LendInvest from Gemini Consultants, a mortgage investment and servicing business where he spent ten years in a range of advisory and business development roles. Most recently Tom headed Gemini’s business development activity specialising in third party loan servicing, financial services consulting and IT.
Alex Strien also joins LendInvest from MarketInvoice where he was a senior funding specialist. During his three year tenure, Alex helped to launch several new products for borrowers, including contract finance, as well as grow the business’ total funding by more than ten times. Previously Alex worked as a market reporter at ICIS, the petrochemical market data provider.
The three new BDMs will be responsible for bringing LendInvest’s expanding product offering to a wider audience of borrowers and brokers in the UK mortgage market.
In particular, they will work closely with Steve Larkin, who joined the team in early December as Director of Development Finance, to build awareness of the company’s first development finance products.
LendInvest, which spun out of Montello, the short-term mortgage finance specialist, in 2013, has originated close to £470 million of loans for borrowers seeking finance deals lasting up to three years. To date, the company has focused on bridging deals, but more recently has expanded into development finance loans between £200,000 and £7.5 million and up to 65% GDV.
Matthew Tooth, Head of Distribution at LendInvest, commented:
“Adding Alex, Tom and Alex to our business development team puts us in a strong position as we move into 2016 and aim to increase our share of the short-term mortgage market. Our BDM team has more than tripled in size since the start of the year, reflecting growing demand for our online lending products, particularly in niche segments of the markets that traditional lenders can not or choose not to enter.”
