
Magnet Capital and Karis Capital structure complex Chelsea development
Magnet Capital provided a £1,009,475 loan for a bespoke two-bedroom house behind King’s Road.

Magnet Capital provided a £1,009,475 loan for a bespoke two-bedroom house behind King’s Road.

Ashley Ilsen said: "It was time to update our identity to better represent the company we are today and where we are heading tomorrow.”

Ashley Ilsen, CEO and co-founder of Magnet Capital, said: “These promotions and our latest hire reflect the momentum within the business and the strength of our team."

Pallavi Das and Keisi Morina join as underwriters, and Kashmira Patel joins as financial controller.

Magnet Capital initially partnered with Shawbrook in 2018, when the specialist lender provided a facility worth £5m.

Aidan Lesslie has rejoined as a business development manager (BDM) for East Anglia.

Steve Nobbs said: “This addition represents an exciting new chapter for us, as it opens new opportunities and will have a fantastic impact on our Development Finance offering."

Vic Jannels (pictured), CEO of the ASTL, said: “I’m very pleased to welcome Magnet Capital as the latest lender to join the ASTL."

Development finance provider Magnet Capital has expanded its sales team with the addition of Will Calito from the estate agency sector and Brian Kerr, who brings experience from the recruitment industry.

The two parties first started working together in 2018, with Shawbrook providing Magnet a facility worth £5m.

Award winning development finance specialists Magnet Capital has announced that Paul Faulkner has joined their Board as a non-executive director.

Magnet Capital has announced plans to widen its lending criteria as part of a growth strategy for 2023.
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