Octopus Real Estate, has strengthened its development lending team with the appointment of Andy Scott to Head of Residential Development.
Andy will be taking the senior role in the development lending team and will be responsible for the day-to-day management of the team and expansion of the product base. Andy joins from Secure Trust Bank, where he was Head of Real Estate Finance for the Midlands and South division. He has previously worked at Santander, Lloyds and HBOS.
To date the development lending team has focused on supporting customers who operate in the residential and student accommodation sectors and is working on expanding its product offering further into the development of other asset classes.
Benjamin Davis, CEO at Octopus Real Estate, said:
“Welcoming Andy to the team is perfectly timed at the start of an exciting year for our development lending business. Andy has a wealth of experience in a variety of product areas, which will help us to expand our product base and increase our lending portfolio. We are planning to take full advantage of the opportunities that present themselves in the residential lending space.”
Andy Scott, Head of Residential Development, Octopus Real Estate, commented:
“Octopus Real Estate has built a reputation as a leading lender in the property space. I am delighted to have the opportunity to join the residential development team and help drive activity in the market. I look forward to working with this talented team and seeing what we can achieve this year.”