Following its launch in September 2017, specialist packager Thistle Finance has beaten its one-year completions target in value terms by a significant 18% and has a monthly run rate 40% above target.
To keep pace with demand, Thistle has hired half a dozen staff in recent months. These include Alan Halligan, a specialist lending expert with 20 years’ experience, to add ballast to its commercial property division and Mark Doyle, formerly with V Loans, to head up business development.
To accommodate its growth, Thistle Finance is set to move into a larger central Edinburgh office in the Autumn.
Mark Dyason, founder, Thistle Finance, said: “It’s been a hectic first year and everyone at Team Thistle is delighted to have beaten our target.
“Our run rate is picking up all the time and we have had to proactively hire in order to keep up with demand from brokers.
“We’re currently in discussions with multiple lenders about helping them launch new products into the market, both in Scotland and the UK more generally.
“The specialist lending market is a huge growth sector and we’re thrilled to be playing a part in driving that growth.”
Thistle Finance’s areas of expertise include development finance, bridging, second charges, commercial mortgages, JVs and complex residential and buy-to-let.