London Credit expands team ahead of launch into development finance

London Credit has strengthened its team with the appointment of three new hires.

Jake McCausland has joined London Credit lead the lender’s planned expansion into development lending, which is expected to launch later this year. Jake has held previous roles at Wellesley Finance and Fiduciam.

Wesley Hawthorne has joined London Credit as a senior business development manager to support the lender in establishing its development finance division and expanding its market presence. Wesley has a robust background in property finance, having held roles at lenders including Lendinvest, Lendhub, and Fiduciam.

Drena Gashi has also joined London Credit as a senior BDM. Originally from New York City, Drena brings a diverse and rich background in finance, having held a number of roles spanning global institutions like JP Morgan Chase and various specialist lenders in the UK. Her expertise spans commercial and residential lending, investments, property transactions, and client relationship management.

London Credit currently provides bridging loans from £100,000 to £3.5m on residential, commercial and semi-commercial properties in London, the South East and major cities, with terms from three to 18 months. Loans can be used for a range of circumstances, including product refurbishment, auction finance and capital raising. The maximum LTV on commercial and semi-commercial loans is 70% LTV.

Marios Theophanous, credit manager at London Credit, said: “We are delighted to welcome Jake, Wesley, and Drena to the London Credit team. Their exceptional backgrounds and proven track records in the finance industry signal our ongoing growth and ambition in the UK bridging and development market. With their expertise, we are confident in our ability to expand our service offerings and deliver even greater value to our clients. This is an exciting time for London Credit, and we look forward to the contributions our new team members will make in driving our success.”