Relendex hires COO as it looks to scale institutional business

UK residential development lender Relendex has strengthened its leadership team with the appointment of Nigel Das as chief operating officer, as it looks to scale its platform among institutional investors.

Das has spent more than 20 years working in private credit and real estate lending, having held roles at Goldman Sachs, Eurohypo, and Rothschild. He has also helped to develop the lending practices and institutional funding lines of both bank and non-bank lenders, with experience in risk management protocols, credit committee oversight, and distressed loan work-out strategies.

In his new role, he will lead work to align processes with institutional standards and position both Relendex and its appointed representative Farringdon Portfolio to attract and manage “significant” institutional investment, the firm said.

“His breadth of experience in private credit and real estate finance is a natural fit for Relendex at this stage of our journey,” said Paul Sonabend, executive chair at Relendex.

“His operational expertise will be invaluable as we continue to scale our lending activities and expand our investor base. Importantly, Nigel shares our long-term vision for how Relendex and Farringdon Portfolio can together lead the way in alternative property finance.”

Relendex is a residential development lending specialist focused on financing micro and SME housebuilders. Its offering is open to retail investors but in recent years the firm has expanded its distribution channels to incorporate institutional funding.

“Relendex has built an outstanding reputation in the real estate finance space by backing SME housebuilders and championing modern, sustainable construction methods,” added Das.

“I look forward to working with the team to help deepen our institutional partnerships and further develop our operational capabilities.”