Avamore Capital hires new head of credit from Octopus Real Estate
Bridging and development loans provider Avamore Capital has hired Matt Foley as its new director of credit.
Foley joins the firm from Octopus Real Estate, where he was head of credit for residential development. He will work alongside Avamore Capital chief executive D’mitri Zaprzala, chief lending officer Phil Gould and director of operations Sabinder Robinson-Sandhu.
Foley will oversee all the credit functions of the business including the underwriting and asset management teams.
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“This is an incredibly exciting stage in Avamore’s growth journey, and we’re absolutely delighted to have Matt join the business. He brings tremendous industry knowledge, experience and relationships to the team while sharing the company’s values and ambitious plans for the future,” commented Zaprzala.
“He will enhance the strength of our credit functions as well as bring his vast experience in specialist and development finance to further improve our offering to borrowers and brokers alike. Looking ahead Avamore plans to continue looking for innovative ways to lend, through further expansion of our product set and investment into internal efficiencies. Matt’s experience in areas such as PBSA perfectly aligns with our own growth in these and other areas.”
Avamore, which provides unregulated loans to corporate entities and individuals, has supported 342 borrowers and loaned £500m in total to date.
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