<
p>Dragonfly Property Finance has announced that is has appointed a new Head of Residential Development who will be maximising the relationship with its development arm Maslow Capital…
Dragonfly has just hired Gavin Eustace, who joins from Lloyds Banking Group, where he was an Associate Director in the real estate team.
The new head brings with him a broad range of skills and experience from his career at Lloyds, where he most recently specialised in negotiating and executing high-value debt transactions on behalf of clients, including residential developers and house builders.
Gavin also previously worked in the corporate real estate team at Bank of Scotland, where he was responsible for the performance of a £1 billionn portfolio of real estate assets.
Regarding his new role, Gavin will work closely with Maslow Capital, the development arm of Dragonfly, where his aim is to maximise the relationship between the two business operations.
Maslow and Dragonfly Property Finance are one of the leading providers of development finance in the UK, where they offer loan facilities from £500,000 to £25 million. Gavin will report directly into Matt Smith, Dragonfly’s Head of Credit and Servicing.
Commenting on his new role, Gavin Eustace, Head of Residential Development, Dragonfly Property Finance, said: “Maslow’s track record in development finance is highly impressive and I’m looking forward to working in close co-operation with the team there.
“I know from my own experience that conventional providers of finance are now operating in the face of some very difficult constraints, and that means there is a huge opportunity for agile lenders such as Dragonfly to step into the gap they have left.”
Matt Smith, Head of Credit and Servicing, Dragonfly Property Finance, added: “We are really pleased to be able to attract someone of Gavin’s calibre to Dragonfly. He has a strong pedigree, considerable experience in residential development and will be an important addition to the team as we continue to build in the months and years ahead.”
Jonathan Samuels, CEO, Dragonfly Property Finance, concluded: “While we are really pushing hard on our commercial bridging proposition, our residential division also continues to grow strongly. Hiring Gavin will generate even more momentum in that area of operations and further consolidate our overall market position.”
Dragonfly Property Finance has announced that is has appointed a new Head of Residential Development who will be maximising the relationship with its development arm Maslow Capital….
Leave a comment