Commenting on the story, Jonathan Samuels, CEO of Dragonfly Property Finance, said: "After four years of working together, the consultancy agreement we had with Maslow is coming to an end.
“We wish them the best of luck in the future.
“It goes without saying that our own appetite to provide development finance to brokers and their clients remains as strong as ever.”
When contacted, Chris Blowers, Managing Partner of Maslow Capital LLP commented: “In June 2011, Maslow signed an agreement with entities that form part of the Octopus Investment Group of Companies, under which we became the exclusive Investment Adviser and Manager of all development loans originated by [Maslow Capital].”
Chris stated that having built a significant portfolio and “becoming one of the pre-eminent Investment Advisers in this specialist sector,” it decided to terminate its agreement effective 3rd January 2016.
“Until the agreement comes to an end we will continue with the management of the [Maslow] loan book and continue to originate new opportunities whilst ensuring our pipeline of deals are drawn down,” Chris added.
Dragonfly announced it had exceeded £1.5bn worth of completions in H1 of this year earlier this month, 17% higher than the value of loans completed by the lender in H1 2014.
Leave a comment