Terry Pritchard is joining the lender as head of origination, from Channel Equity Finance.
He has previously worked at Providence Financial, Chase, Charterhouse and Grays Inn Capital.
Pritchard will be responsible for building Lendy’s key relationships with brokers and developers across the property lending sector.
Lendy said his experience of working with senior stakeholders will help grow the platform’s origination.
Chief executive Liam Brooke said: “We are delighted to welcome Terry to Lendy at a crucial stage of the company’s expansion.
“Terry’s move to the P2P sector is even more significant given his track record at high profile institutions.
“His move highlights how important the P2P sector is in property funding, and how much it has matured and established itself.”
At the same time, Lendy has appointed Kieran O’Connor as chief financial officer.
He will be responsible for the company’s funding operations and financial position.
Lendy has provided £408m in lending to the UK property sector since 2012, with £100m in the past year alone. It recently secured full FCA authorisation.
Pritchard said: “The P2P sector is now playing a significant role in getting finance to developers – it’s now the place to be to get deals done.
“I’m looking forward to continuing to deliver lending that gets spades in the ground, and delivers returns to Lendy’s investors.”
O’Connor added: Lendy is attracting significant institutional interest in the loans it underwrites and services.
“It’s at an important point in its evolution and I was pleased to see the recent FCA authorisation.”