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Greymax Capital hires Avamore Capital’s Margolis

Anna Sagar
Written By:
Posted:
February 9, 2023
Updated:
February 9, 2023

Short-term lender Greymax Capital has hired Alan Margolis to its firm, where he will take on the role of short-term structured finance executive.

Margolis was most recently managing director of Avamore Capital for just under a year. In his role he would lead the firm’s management team and manage strategic initiatives and commercial aspects of the business.

Before that, he worked at Masthaven for around three years, most recently as director of bridging and credit and operations director.

Prior to that, he was head of bridging at United Trust Bank for around seven years and before that he was chief executive at Cheval Property Finance for around a year.

In a post on LinkedIn, Margolis said that he had “worked with some wonderful lenders over the years, I was after a new challenge and change of environment”.

“I’m now in a space where we have full discretion, value the security property ourselves (at no cost) and due to the property backgrounds of the principals, [Greymax Capital’s directors’] Michael Kingsley and Ben Sokel, we really can take commercial views where sensible,” he said.

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Kingsley said: “His experience and process focus will be a great addition, and we look forward to utilising our combined skill sets to further advance the quality of our loan book.”

Greymax Capital is a privately funded boutique short-term lender and is an Association of Short-Term Lenders member.

It offers in-house valuations, flexible terms, direct access to underwriters, refinance of existing bridging loan and terms of up to 24 months.