Long Harbour has hired Richard MacDowel as capital solutions director to support its growth in build-to-rent.
MacDowel was group treasurer at Quintain and delivered £1.4bn in new debt facilities to support the landmark Wembley regeneration.
He previously worked at Lloyds Bank, initially in the impaired real estate loans division, and later headed one of its real estate teams.
At Long Harbour he will be responsible for sourcing and leading all debt relationships for the Long Harbour Multi Family Investment platform. The investor last year secured £120m from Wells Fargo to support its Berol Yard development in Tottenham Hale, N17. Its next project will be the £250m development of The Mall in Walthamstow.
William Astor, chief executive at Long Harbour, said: “[Richard’s] deep understanding of the loan and capital markets will help us build and diversify our range of funding sources, ensuring optimal financing terms are achieved throughout the financial cycle.”
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