Rachel joins the development lender from Glass Property Group — a residential property developer specialising in London and the home counties — where she was responsible for managing the due diligence on potential development sites.
Sam Howard, managing director at Magnet Capital (pictured above), said: “Coming from a property developer, Rachel brings invaluable insight into the developer's perspective.
“We understand how much value our borrower and broker partners place on Magnet Capital’s deep industry knowhow and the team’s ability to act as a finance partner.
“Rachel’s experience will bring an additional skill set and complement the existing operations team."
This follows the lender’s recent strong performance since the property market reopened in May.
The level of new business written has risen by 33%, with enquiries also up significantly year-on-year.
Magnet has attributed this growth to its consistent approach to lending throughout the pandemic.