Avamore Capital, the London based short term and bridging finance lender, has promoted Toran Selim to fill the role of head of asset management. He will be responsible for growing the department, enabling it to contribute fully to the 2021 completion targets for the lender.
Toran will play a major role in reviewing operational processes post-completion and maintaining relationships with key service provider partners.
He previously has worked on implementing Shieldpay, Avamore’s new payment platform, and contributed to the firm’s recent achievement of total loan redemptions of £150m, with no losses incurred.
Toran Selim, head of asset management, said: “I am incredibly excited to take on the role as head of asset management,”
“As the Avamore loan book grows, it is my number one priority to ensure prudent loan monitoring for our borrowers and that we always remain flexible and willing to work on a case-by-case basis.”
Nikolay Petkov, principal at Avamore Capital, commented: “Toran has been a huge asset to the business since he joined.
“He’s been instrumental in shaping how the department operates and will no doubt continue to make a positive impact on the wider team and the experience our borrowers have.”
Original article featured here…
Avamore has recently provided new loans in Wales and England, after expanding last year. The team was grown after receiving additional funding and the former Head of Underwriting at Avamore Capital, Philip Gould, was made a Principal.