Specialist lender acquires 4 managers

A specialist lender has appointed four employees to add to its experienced finance and lending teams.

Business Lending Group (BLG), which specialises in providing loans to UK house builders, is expanding its team to support business growth and ensure it maintains good customer service for its developer borrowers and intermediary partners.

BLG new recruits:
The lender announced the following appointments to add to its experienced finance and lending teams:

•    Chris Tessler: Structured Finance Director
Joining from Investec, Chris brings over 25 year’ experience structuring development finance deals. 
•    Jon Durie: Investment Development Manager
Jon has 14 years’ lending experience having begun his career at HBOS and more recently having worked at InterBay, Davenham and Connaught.
•    Dyan Letts: Credit Operations Manager
Dyan’s career in this sector began in the 1990s; she has previously worked at TEAM Property Management and Savills. 
•    Jackie O’Loughlin: Finance Controller
Jackie has 21 years’ management and financial accounting experience, her career began at AstraZeneca, she has also worked for Centrica and other SMEs.

Peter Wade, Chairman of BLG, said: “2013 was a fantastic year for BLG and its borrowers. We received more enquiries and funded more developments than ever before; we also expanded our geographic lending focus across England and parts of Wales. 

“For us, customer satisfaction is key; to ensure we maintain a good standard of service for our borrowers and intermediary partners, now is the time to grow our team. I am delighted to welcome Chris, Jon, Dyan and Jackie to BLG; we have ambitious growth plans for the future and I know they will each be able to make an immediate contribution to our funding and lending activities.”

BLG provides secured residential development loans up to 80 per cent of costs and up to 65 per cent GDV.