Regentsmead CMO To Become His Own Bridging Lender
Another day, another high-profile example of a successful industry leader making the move into development finance.
In this instance, the CMO (or should that be, the former CMO) and head of lending at Regentsmead, Ashley Ilsen, has confirmed his departure from the business, along with his plans to establish a brand new development finance company of his own.
As both lenders and borrowers up and down the United Kingdom become increasingly disenchanted with conventional lenders and explore the alternative options available, bold moves such as these are becoming somewhat commonplace.
“It’s been an amazing five years at Regentsmead, after being given the opportunity to work my way up through the business and head up the lending department, alongside Sam Howard” said Ashley.
“I will have nothing but fond memories of my time at Regentsmead, however, I think now is the time for a fresh challenge”
“With some exciting finance partners lined up, this will enable the new company to create a unique offering into the development finance market; a sector I believe is lacking in overall quality.”
Alternative Lending: What’s the Appeal?
Applying for financial products – particularly those that concern relatively large sums of money – has been getting increasingly difficult for some time. From property development loans to business loans to commercial and domestic mortgages alike, major banks and lenders have fallen entirely out of favour with the mainstream borrower. Even in instances where applicants are able to successfully qualify for the products they need, being forced to wait weeks (or even months) on end renders many of the services offered entirely unviable.
On the other side of the spectrum, alternative lending works to reverse each and every potential pitfall that accompanies traditional borrowing. By providing a range of flexible and customisable financial services for business and private borrowers alike, these independent lenders are able to excel where traditional lenders disappoint.
In the case of bridging loans and other popular types of development finance, it’s perfectly possible to gain access to relatively large sums of cash within a matter of days. Often with the kinds of borrowing costs and interest rates that undercut those of major lenders considerably. Demand for such services exists and is growing continuously – hence the reason we’re seeing more leading figures like Ashley Ilsen make the switch to development finance than ever before.
Spring Launch Scheduled
While comparatively few details regarding the project have so far been released, Ashley stated that the new lender is scheduled to open its doors by the end of spring this year. In addition, he spoke of offering a wide variety of dynamic development finance products and services, along with independent expert advice and highly-competitive borrowing costs.
“I will be releasing further details of our funding partners, along with key industry individuals that will be working with me to grow this new venture over the next few months” he said.