Member Article

Lloyds Bank boosts North West real estate team with senior appointment

Lloyds Bank Commercial Banking has strengthened its real estate offering in the North West with the appointment of Neil Hughes as relationship director.

Neil joins Lloyds Bank after more than a decade with Santander UK and will work alongside directors Rob Leaman and Steve Atwell to support commercial property investment in the region.

Lloyds Bank Commercial Banking provides tailored finance and guidance to mid-tier developers and property investors across the North West with borrowing requirements of up to £12.5million for investment and £6million for development.

Based in Lloyds Bank’s Manchester office, Neil’s role will see the real estate team distribute an additional £100million of funding this year to support ambitious projects in the region.

Martyn Kendrick, North West regional director for Lloyds Bank Commercial Banking, said: “You need only look at the levels of development in cities like Manchester and Liverpool to see that real estate in the North West is thriving.

“For ambitious developers to further this trend and continue to invest, it’s vital that they have access to flexible funding on a long-term, relationship-led basis. It’s for this reason that we’ve committed to providing £1.3billion in tailored funding to businesses in the North West this year.

“With Neil’s experience supporting SMEs across the region, I’ve every confidence that he will prove a valuable asset and partner for North West developers for years to come.”

This was posted in Bdaily's Members' News section by Tim Roth .