Dragonfly Property Finance has appointed Gavin Eustace as head of residential development.
Eustace joins the short- and medium-term lender from Lloyds Banking Group, where he was an associate director in the corporate real estate team.
He will work with Maslow Capital, the development arm of Dragonfly, reporting to head of credit servicing Matt Smith.
Eustace said: “I know from my own experience that conventional providers of finance are now operating in the face of some very difficult constraints, and that means there is a huge opportunity for agile lenders such as Dragonfly to step into the gap they have left.”