In February this year, Iron Bridge acquired a majority interest in joint venture equity provider Orlandis Capital.
The acquisition followed a management buyout of Orlandis from Christian Candy’s CPC Group.
The complementary businesses provide both equity and mezzanine loans and, where appropriate, a hybrid of both to the residential development market.
Andrew’s promotion follows a number of other changes within the team.
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Edward Alexson, who reports to Andrew, has also been promoted to associate director and will oversee the investment process across both platforms.
In addition, Simon Joseph, who also reports to Andrew, has been promoted to associate director of origination, leading all origination enquiries and business development.
Alastair Stanley, associate director, complements the sales and underwriting team as an original member of the Orlandis Capital team.
“Iron Bridge and Orlandis Capital aim to be the go-to provider of all development funds above senior debt, and our internal promotions represent our commitment to meet this goal while also recognising the talent we have within the business,” commented Lance Joseph, group chairman at Iron Bridge Finance and Orlandis Capital.
The group has continued to lend throughout the challenging market conditions by partnering with best in class developers during lockdown.
It stated that its new equity offering through Orlandis Capital has been well received by the market, particularly from senior lenders.
The combined group can provide second-charge mezzanine development finance and/or joint venture equity to experienced borrowers on residential development opportunities across London, the south east and select nationwide cities.