CashNews.co
LEXI Finance has announced three new key appointments to its team as it continues to expand in response to a surge in demand for debt advisory services.
Morgan Bowen and Charlie Fox have joined the firm as associates, while David Miller has been appointed as a consultant.
The move follows a strong year for LEXI, which has seen the average loan size more than double and advised on 30 different completed transactions across 20 lending partners by the start of Q3.
Development finance requirements have increased by 40%, and there has been a 30% year-on-year rise in acquisition loans for new projects, covering pre-let industrial, speculative warehousing, and residential sectors such as build-to-rent (BTR) and build-to-sell (BTS) developments.
David Miller, who brings vast experience from his previous roles as finance director for South Street Asset Management and head of finance at Criterion Capital, will contribute his technical expertise and extensive network of property professionals to LEXI’s offering.
Morgan Bowen joins from Investec’s real estate finance team, where he worked on originating and managing portfolio loans. He also brings a strong network of residential and commercial real estate connections from his time at Savills.
Charlie Fox comes from Toorak Capital Partners, where he funded lenders across the UK real estate market, and previously worked in debt advisory, having gained experience at three FTSE 100 companies before moving into real estate finance.
Charlie Armstrong, director of LEXI, said: “LEXI has had a highly successful year, enjoying record-breaking business volumes and establishing excellent relationships with new clients and lenders. We’re entering a new phase, with developers, housebuilders, and asset managers acquiring sites and commercial buildings ripe for redevelopment, repositioning, or long-term investment.
“Morgan, Charlie, and David have joined us at a very exciting time, and they will play key roles in helping us to deliver our growth plans while maintaining our excellent client relationships and service. As well as their skills and experience, they bring drive, commitment, and business know-how which enables us to structure and complete finance solutions for a broad spectrum of clients and projects across the UK and Europe.”