James Bloom has been appointed as managing director for Masthaven’s short-term lending division.
Bloom moves from the development finance team where he was previously managing director.
Bloom said: “I’m delighted to be leading Masthaven’s short-term lending business – a division that we recently enhanced significantly with a suite of new offerings.
“The new team structure is a reflection of the growth Masthaven is seeing in this sector. These are incredibly exciting times in Masthaven’s evolution and business development and I’m delighted to be an instrumental part of this process.”
Jon Hall, managing director of Masthaven, added: “With 30 years of experience in property, James’ unique set of skills and deep knowledge of short-term lending are a vital part of the bank’s growth in this sector.
“His new role reflects the significant contribution he made as managing director of our development finance division since mid-2016.
“With James leading the lending business and Richard Deacon leading sales I’m fortunate to be working with two of the most experienced and well regarded individuals in the short-term lending market.”
This comes after Masthaven launched its extended suite of short-term lending solutions in mid-September 2017.