Amicus launches commercial mortgages business
Amicus Commercial Mortgages has launched, which will work with a specialist group of expert brokers to provide commercial mortgages across a broad range of SME sectors, property types and borrower risks.
Rob Lankey, who joined Amicus Finance in May 2017 to strengthen its diversified lending strategy, has been appointed managing director of Amicus Commercial Mortgages. He will work alongside David Stiff as director of partner relationships.
Lankey said: “I’m delighted to be launching Amicus Commercial Mortgages.
“Having led and established commercial mortgage businesses for most of my career, and most recently being chief executive of the NACFB, I understand better than anyone what it takes to run a successful commercial mortgage operation, working alongside high quality brokers.
“Our panel of brokers has been carefully chosen, representing years of close personal, trusted relationships and will be regularly reviewed and expanded with more high-quality brokers as needs dictate. Our objective is to make this new commercial mortgage business the best yet.”
Lankey and Stiff will work alongside a senior team, which collectively has over 100 years of commercial mortgage experience.
The team will include Steve Prydderch as head of credit and special servicing; Luke Watson as head of underwriting, Graham Ritchie as senior lending manager and Mike Williams as head of operations.
Amicus Commercial Mortgages expects to grow its headcount to 65 over the next five years.
Keith Aldridge, managing director at Amicus Finance, said: “Led by a highly experienced team coupled with an expert panel of carefully selected brokers, valuers and solicitors, Amicus Commercial Mortgages is an exciting extension of our capabilities in the property lending sector.
“SME’s and property investors are increasingly turning to specialist lenders who have the local knowledge and skills to understand their specific needs. Our localised relationship-based approach resonates well with fast growing SMEs looking for specialist lending.”
David Whittaker, chief executive of Mortgages for Business, said: “The broker market will be delighted to see Rob back as managingdirector of a new specialist lender; he brings a real passion to commercial mortgages and a wholehearted commitment to service delivery and broker relationships.
“Joining with a team of industry stalwarts including David Stiff and Luke Watson in the front line, well supported by Mike Williams, Graham Ritchie and Steve Prydderch shows the significant commitment that Amicus has made in this new venture.
“I’ve no doubt that the market will be looking forward to the roll-out of this proposition in the weeks ahead.”