CapitalRise makes two new appointments
CapitalRise has made two new appointments with Barney Iles joining as Associate Director of Lending and Heather McKenzie as a Credit Analysts.
Illes, who will be responsible for originating and managing broker and borrower relationships, joins from Octopus Real Estate, where his role as Origination Manager built on his extensive knowledge and experience of the real estate market, having previously worked on a wide variety of real estate funding projects in roles at Ingenious Real Estate and Nationwide Building Society.
McKenzie, who will be responsible for loan analysis and borrower due diligence, joins from NYC-based CIT Group where she was responsible for leveraged finance origination, underwriting and portfolio management. Her strong due diligence experience adds significant value to our growing credit underwriting team.
CapitalRise CEO and Co-Founder, Uma Rajah, says: “We are very excited to welcome Barney and Heather to CapitalRise. They both have an impressive depth of knowledge and experience which will strengthen the team as we continue to grow. Having secured over £50m of additional funding lines last year and with term sheets agreed for even larger lines, they will play an important role in ensuring we deploy this capital prudently, into the right projects with the right borrowers. We continue to see huge demand for our stretched senior and mezzanine development and sales period loans and have seen transaction flow increase significantly since December’s election result helped to relieve uncertainty and pressure on the prime market.”
Iles says: “It’s an exciting time to join the CapitalRise team and help build on the huge growth they saw last year. With a bespoke and flexible approach to prime property finance, I believe that CapitalRise is uniquely positioned to grow market presence and become the go-to lender for prime developers over the coming year.”