Solihull challenger bank expands real estate business

SECURE Trust Bank is expanding its real estate finance division after advancing over £135m of funds to customers last year.

Following its start in London and the South East, it will now target expansion into the North, Midlands and the rest of the South of England

The Solihull-based bank has appointed Kevin Venn as managing director to roll out its real estate growth strategy across the UK.
 
Venn brings more than 32 years’ experience in banking, including 15 years specialising in real estate finance with senior roles at RBS and NatWest.
 
Secure Trust Bank Real Estate Finance provides funding for both residential and commercial property development, and property investment portfolios.
 
Paul Marston, managing director of Secure Trust Bank Business and Commercial, said: “Our real estate Finance business has seen significant interest since its launch last year. Customers value our ability to provide funding quickly and efficiently and being part of a leading challenger bank brings associated benefits.
 
“The market continues to perform well, and we expect demand to continue to increase over the coming months given the strength of our offering and the huge expertise within the team.”

Venn said: “It’s an exciting time for Secure Trust Bank Real Estate Finance – there is huge opportunity in the real estate sector.”