MFS, Alternative Bridging and CSF bolster teams

Market Financial Solutions (MFS), Alternative Bridging Corporation and Crystal Specialist Finance (CSF) and have made new additions to their teams.

Market Financial Solutions

MFS has grown its team by 40% since the start of 2021 in response to increased demand from brokers and private clients.

The London-based bridging lender has hired extensively over the past four months, with new employees consisting predominantly of BDMs, underwriters, loan managers, analysts and a new financial controller.

This follows a series of changes for MFS, including moving to a larger office in Mayfair, London, as well as increasing its maximum loan amount to £30m, its maximum loan term to 24 months and launching a new development exit product.

In February, the lender also secured its second funding line this year worth £200m.

The changes reflect the increased demand MFS is experiencing for larger loans, development exit finance, and deals with longer payment terms.

“A year ago, while in the midst of the first lockdown, it was difficult to understand quite what the future held for the bridging industry and our business,” said Paresh Raja, CEO at MFS.

“However, I am delighted to say that MFS has enjoyed a really strong start to 2021 and the increased interest in bridging loans by the wider market is well reflected in the rapid expansion of the team.
“With stronger funding lines in place, a new office, and updated lending criteria to reflect current market demands, MFS is ideally placed to deliver fast bridging loans to private clients and brokers. 

“Indeed, the 40% increase in staff since January means that we are able to handle more enquires and issue loans at pace, all while ensuring our high standards and levels of customer service never drop.”

Alternative Bridging Corporation

Alternative Bridging Corporation has strengthened its BDM team with the recruitment of Danielle Evans to cover the Midlands and North of England.

She will be based in Leicestershire to distribute the lender’s bridging, development and term products in the region.

Danielle has over 12 years of experience in property lending, having previously held similar roles at Aldermore, Precise Mortgages and, most recently, Avamore Capital.

“I’ve developed a strong reputation for helping my broker partners to place a range of short-term finance requirements, including commercial and residential bridging and development finance, from light and heavy refurbishments through to ground-up builds, and Alternative Bridging’s wide product range will enable me to offer even more,” said Danielle.

“Alternative Bridging = is well established and highly respected for delivering great products and is service driven and I’m looking forward to being able to make a difference, helping brokers to deliver the solutions their clients need.”

Jonathan Rubins, director at Alternative Bridging, commented: “We are not London centric and have bridging loans and development projects throughout the UK. 

“Danielle has a commitment to leaving no stone unturned in delivering the best solutions for her broker partners and their clients which, combined with our can-do approach, will enable us to help even more borrowers secure the bridging loans and development finance they need.”

Crystal Specialist Finance

CSF has expanded its sales and digital teams with Ollie Smith joining as national account manager and Yvonne McKeown as digital marketing manager.

Both Ollie and Yvonne will report to CSF’s group sales and marketing director, Jason Berry.

In his new role, Ollie will be the first point of contact for intermediary firms, with a national remit in and around the central London area.

He joins the brokerage from Pepper Home Loans, where he was a regional development manager.

Prior to this, he worked as a business development manager for Santander and Newcastle Building Society.

Meanwhile, Yvonne will be responsible for optimising automated, digital, inbound and outbound targeted marketing campaigns focused on driving client engagement, as well as identifying online trends and measuring campaign effectiveness against targets.

Before joining CSF, she worked as a marketing business partner for REED Recruitment.

Commenting on the new hires, Jason said: “We have very exciting and challenging plans in place for both the sales and digital teams, so I am delighted to welcome both Ollie and Yvonne to the Crystal team.

“Ollie will certainly help us deliver the consultative approach I expect our sales team to present to key partners, whereas Yvonne will undoubtedly execute our digital plans so only the very best experience is delivered to our broker and professional introducer partners.”

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