Avamore hires Midlands-based originator

Avamore Capital has appointed Tirath Singh (pictured) as regional originator for the Midlands.

Singh joins ahead of a tranche of hires due to be announced across all departments; he is the first of two additional originators joining the lender this year, and will work alongside Andreas Yianni and Adam Butler to help drive Avamore drive towards its 2021 targets.

Singh spent three years at Assetz Capital focused on property finance.

His primary aim will be leveraging local relationships and knowledge to broaden Avamore’s coverage across the Midlands.

The hire comes shortly after Avamore announced that it is closing an increasing number of loans outside of its traditional areas of geographical coverage.

Avamore’s northern boundary is Greater Manchester, Leeds, York & Harrogate; it is therefore expected that Singh's regional relationships will help with consolidating the lender’s loan portfolio throughout central England.

Singh said: “I am joining Avamore at an incredibly interesting time.

"The market has renewed energy but, it’s really important to acknowledge that we aren’t in the same place we were pre-COVID.

"That means we need to be responsive to what the market actually needs and remain solution driven in our output.

"That’s the key point that stands out about Avamore and I am really looking forward to bringing interesting products and dynamic options to my broker partners.”

Nikolay Petkov, principal at Avamore, added: “Avamore has had a strong start to the year and we are really excited to see the value Tirath is going to add to the business.

"Ensuring broader regional coverage has been on our agenda for a while now and so we’re delighted to have bought someone into the business that has strong local knowledge and relationships as well as a prior understanding of how to match projects with high potential to a lender’s credit appetite and parameters.

"We look forward to seeing Tirath succeed at Avamore.”