Finance firm launches property arm

Financial services broker, Midlands Asset Finance (MAF), has launched a property arm, MAF Property Finance.

The six-strong team will offer property finance, including commercial owner-occupier mortgages, property investment and property development.

MAF director, Dave Chapman, heads up the team and will handle investment and development funding, alongside Andy Keal, Ian Brown and Paul Delaney. Rachel Borlace and Hayley Chapman will be specialising in dealing with commercial mortgages.

Keal, Brown and Delaney have previously worked at Yorkshire Bank, Royal Bank of Scotland and NatWest, respectively.

Borlace has a background in banking and agriculture, while Chapman comes from an asset finance background.

Chapman said: “We are delighted to be launching a dedicated property division on the backcloth of arranging in excess of £140m of property funding in 2018.

“We have grown the team, who have over 180 years’ combined experience in the sector, and we are looking forward to helping more property clients to grow their business in 2019.”

Keal, added: “We are seeing an increasing number of developers working with us and taking the option of 100% development funding and putting the land in as contribution.

“We work with a variety of specialist funders and we are able to move quickly to secure the right deal for our clients.”