The property, a three bedroom detached house in Hall Green, Birmingham, was secured at £265,000, with the developers planning light refurbishment and sale.
David Fielding brings nearly 30 years’ experience in the banking sector to his new role.
Satwant Bhandal (pictured) takes up the newly created role of corporate relationship director – Midlands and North.
The loan was completed on the lender’s stepped rate product, with the deal starting at 0.59% per month for the first half of the 12 month term.
The office has been reopened conforming to local lockdown restrictions and social distancing.
Stevens joins the London-based bridging lender from Positive Lending, where he was national sales manager and head of networks.
Users of Air Group’s propositions will be able to introduce clients with second charge and bridging loan needs to The Right Loan.
The loan will refinance a recently refurbished £3.1m eight-unit residential development scheme.
LendInvest provided funding for the refinance of the original site, and acquisition of a second adjoining site, allowing planning for 272 residential units to be built starting in Q4 2020.
Steve Walker, managing director Promise, said: ""We have been working on this since last October and this is the first step to bring all of our services together under one brand and on a single website."