The specialist property funder has appointed Lee Barton to help expand its client base, as the lender reported its loan book topped £10m in value.
Blackburn-headquartered PMJ Capital is a joint venture between North West accountancy firm Cowgills and property company P&MJ Wright Holdings.
The company was established in 2015 and provides short-term loans and other finance solutions for a wide range of residential and commercial assets, primarily in the North West.
Barton has worked in the property finance sector for more than 30 years, beginning his career at NatWest bank, before moving to firms including Davenham Group and mortgage provider Together.
He was most recently relationship director at Revverbank.
In his role as relationship manager at PMJ, Barton will help grow the company’s loan book, supporting SME property developers and other firms to finance a variety of projects.
PMJ said it has lent more than £40m to date over the past five years, and its current book value this year passed £10m.
David Rainford, managing director at PMJ, said: “Lee’s appointment is a real coup for PMJ. He will play a pivotal role in working with our growing list of loyal clients and will be integral to our future growth as we continue to expand our reach.
“Lee shares our principles of sensible and pragmatic lending, and our vision for the future which has building long term relationships at its core.”
PMJ co-founder Mike Wright added: “Our model of providing flexible and nimble short-term loans is becoming even more popular, and there are growing opportunities in the current market as borrowers look beyond the more traditional funding routes for support on new projects.”
Read Place North West’s in-depth analysis of the development finance market.