Only Bridging, based in Hertford in Hertfordshire, will become another regional office under Loan.co.uk, which opened offices in Northern Ireland and Cardiff in the past six months.
Loans included a £5.6m bridge for commercial property consultancy Lambert Smith Hampton for a development site with residential planning permission in South London at 70% loan-to-value.
The couple could have lost out on their home when they were let down by another lender at the last minute – but the funding was provided in four days to 60% loan-to-value.
IMLA members also re-elected John Heron of Paragon Group and Charles Haresnape of Aldermore as directors.
The bank will launch into the mortgage market in full in early 2017 after revealing details of its development finance and bridging ranges today.
Druce will be charged with sourcing deals in the northern property market and building LendInvest’s profile among regional intermediaries.
Funding 365’s short lease product is targeted specifically at financing the purchase of residential investment properties with short remaining lease terms of between 10 and 70 years
Juniper joins Finance 4 Business after spending a period of time as a consultant helping to set-up Bridge Finance Direct.
Posniak has been MD since September 2015 and before that he was head of sales and marketing at the firm, which at the time was known as Dragonfly Property.