Laxfield Capital has launched a lending division focused on small ticket transactions.
The specialist adviser and loan arranger has started Laxfield National with a focus on originating loans between £1m and £30m.
The move has prompted the business to hire two new employees.
Bryan Hawkins joins from RBS as a transactions director and will lead the origination function for the business. His previous experience has seen him cover loans from mezzanine to senior debt.
Sumeer Bose joins as an analyst from Nationwide Building Society. He will work across Laxfield’s businesses and will support the origination and debt advisory functions.
Adam Slater, managing director of Laxfield Capital, said: “Our data has been pointing to increased activity in the smaller loans market and there is demand for finance with risk/return appetite sitting between the clearing banks and debt funds. Since we started six months ago, we have 20 loans closed and under management, and there is a very strong pipeline of further deals in closing. “
