Nexa Finance’s managing director Brian Cartwright has left the peer-to-peer property lender just six months after helping to launch the business.
Cartwright (pictured) was previously head of business finance for RateSetter before unveiling the Nexa brand last August.
“We’re sad to see Brian move on, but we wish him well with his future career,” said Mark Williams, chief operating officer of Nexa Finance.
“We are focusing on continuing to grow the lending book, further servicing our community within the East Midlands and we’re looking forward to watching the business grow from strength to strength.”
At the time of launch last year, Cartwright said the business is currently just open to institutional investors but plans to open to retail investors in 18 to 24 months.
Nexa’s core products comprise a property development loan for developers and builders seeking to build small scale residential homes, a property refurbishment loan and a property exit loans for developers wanting to raise capital against already completed projects in order to fund their next development.
Nexa said that in the time since its launch it has secured a pipeline of development finance deals, supporting local small- and medium-sized enterprise property professionals.