Dragonfly will take over Maslow’s book of mezzanine and development loans, which will continue to be offered under the Maslow Capital brand.
The deal will almost double the size of Dragonfly’s workforce, with Maslow’s seven staff joining Dragonfly’s eight.
Jonathan Samuels, chief executive of Dragonfly (pictured), said: “Maslow Capital is heavyweight players in the mezzanine loan sector. Its expertise and reputation will help us build on our existing strengths and accelerate our expansion into the mezzanine market.”
He added that the deal would allow Dragonfly to focus on consolidating its position in the bridging, buy to let, second charge and HMO loan markets, with Maslow overseeing its development and mezzanine operation.
Ellis Sher, director of Maslow Capital, said: “In just two years, Dragonfly has established a dominant position in the property finance sector and in a market that has seen most balance sheets diminish.
“We are very excited about combining our strengths and expanding the solutions we offer to professional property developers.”
