Masthaven appoints MD of short term lending

James Bloom steps up to lead challenger bank’s bridging and development finance teams

Masthaven, the online-focused bank backed by the billionaire Pears family, has appointed James Bloom to oversee its newly ramped-up short-term lending offering.

An extended suite of short-term lending solutions were rolled out by the bank in September, after seeing increasing demand from brokers for “simple flexible short-term lending with a quick turnaround”. New additions include a Light Development product, Standard and Prime Bridging products, along with Development Finance and Commercial bridging loans.

Bloom (pictured), the former boss of the development finance team, has stepped up as MD of the Short Term Lending division, taking charge of both the bridging and development finance lending operations.

He said: “I’m delighted to be leading Masthaven’s short-term lending business – a division that we recently enhanced significantly with a suite of new offerings. The new team structure is a reflection of the growth Masthaven is seeing in this sector. These are incredibly exciting times in Masthaven’s evolution and business development and I’m delighted to be an instrumental part of this process. I look forward to working with the team, to continue to innovate and meet customer needs; exciting times for 2018!”

Jon Hall, Managing Director of Masthaven: “With 30 years of experience in property, James’ unique set of skills and deep knowledge of short-term lending are a vital part of the bank’s growth in this sector. His new role reflects the significant contribution he made as MD of our development finance division since mid-2016. With James leading the lending business and Richard Deacon leading sales I’m fortunate to be working with two of the most experienced and well regarded individuals in the short term lending market”

Contact Book: James Bloom, Masthaven T. 020 7036 2292 E. james.bloom@masthaven.co.uk W. masthaven.co.uk