Magnet Capital makes three new appointments to support growth

Published on

Magnet Capital has strengthened its team with the appointment of two new underwriters and a financial controller as part of the development finance lender’s growth plans.

Pallavi Das joins as underwriter and brings valuable industry experience, having previously worked at Glenhawk as a completions officer and at LendInvest as a case manager.

Pallavi Das, Magnet Capital
Pallavi Das, Magnet Capital

Her knowledge of the sector further strengthens Magnet Capital’s underwriting team as the business continues to scale.

Kashmira Patel joins the lender as financial controller from Kennedy Wilson, where she was financial accountant.

Keisi Morina, Magnet Capital
Keisi Morina, Magnet Capital

She will play a key role in strengthening Magnet Capital’s financial operations and supporting the business through its next phase of growth.

Meanwhile Keisi Morina also joins as an underwriter and will work closely with brokers and developers to ensure a smooth transaction process.

BROADER REACH

The three appointments follow Magnet Capital’s recent announcement of an expanded funding line with Shawbrook Bank – a move that enables the lender to broaden its reach and support more UK property developers with tailored development finance solutions.

Ashley Ilsen (main picture), chief executive of Magnet Capital, said: “Pallavi, Keisi, and Kashmira all bring exceptional experience that will enhance our business as we continue to grow.

“Their expertise is exactly what we need as we scale up lending while maintaining the hands-on, relationship-driven approach we’re known for.

“With our additional funding and a rapidly growing team, we’re set to support even more developers in the year ahead.”

COMMENT ON MORTGAGE SOUP

We want to hear from you!
Leave a comment and get the conversation started.
You need to register to post, so please login or sign up below.

[tds_create_account btn_bg_h="#000000" f_text_font_family="global-2_global" show_version="" tdc_css="eyJhbGwiOnsiYm9yZGVyLXJhZGl1cyI6IjUiLCJkaXNwbGF5IjoiIn19"]

Latest articles

Royal London pays income protection claim before customer pays first premium

Royal London has paid an income protection claim to a customer who became unable...

Novello joins OPDA as it prepares AI-led surveying platform

Novello Chartered Surveyors has joined the Open Property Data Association as the surveying firm...

Virgin Money raises selected mortgage rates and launches new 60% LTV deals

Virgin Money is increasing selected residential and buy-to-let rates from 16 September while withdrawing...

Clydesdale to raise residential product transfer rates by up to 0.20%

Clydesdale will increase selected residential product transfer fixed rates from Wednesday 16 September. The lender...

FCA bans former law firm manager over £28m client money case

The FCA has banned a former law firm manager from working in financial services...

Latest publication

Other news

Royal London pays income protection claim before customer pays first premium

Royal London has paid an income protection claim to a customer who became unable...

Novello joins OPDA as it prepares AI-led surveying platform

Novello Chartered Surveyors has joined the Open Property Data Association as the surveying firm...

Virgin Money raises selected mortgage rates and launches new 60% LTV deals

Virgin Money is increasing selected residential and buy-to-let rates from 16 September while withdrawing...