The bank believes the legal firm’s expertise and additional operational capacity will help improve lending efficiency.
Smith had been Roma’s senior business development manager for the South West.
British Land's property portfolio has taken a 10.8% value write down, to £9.1bn, while underlying profit fell 34% to £204m as rental income fell.
In addition to the new specialist lending panel, PMS and Sesame members also have access to two existing referral services for equity release business from Age Partnership and Key Partnerships, along with a self-build support packaging option from Buildloan.
The lender’s products will be available to brokers registered with Knowledge Bank’s platform, which has more than 125,000 individual criteria, and lists products from upwards of 250 lenders across the UK.
Clarke will have responsibility for the lender’s commercial finance operational processes and infrastructure, supporting its ambitious growth strategy.
Spotlight: Jessica Bird speaks to Chirag Shah at Nucleus Commercial Finance about team culture, the growth of the specialist market, and supporting SMEs in a post-COVID world.
Watts Commercial Finance has expanded their UK presence with the opening of their new Wales office.
Tony Sutton, managing director of Specialist Financial Services, said: “We are thrilled to have been granted packager status with Roma Finance and look forward to a fruitful relationship working alongside them in the future."
The Development Bank of Wales has seen a 72% increase in loan customers as a result of the COVID-19 Wales Business Loan Scheme (CWBLS), which was introduced on 30 March 2020.