Contour recruits Lloyds director

Niche property lender Contour Capital has appointed Gordon Mackie as a director.

Mackie joins from Lloyds Banking Group where he was a relationship director. He specialises in underwriting development and investment opportunities in the commercial and residential sectors in the UK.

Contour is chaired by Andrew Johnson, who is also the chairman of developer and asset manager Chancerygate. The team also includes other Chancerygate managers including finance director James Deane and board member Eddie Cook. Contour’s managing director is Scott Harvey, a former relationship manager at Lloyds.

Contour is amongst a number of smaller lenders looking to provide finance in areas, especially development, where traditional lending banks are still wary. It provides senior, mezzanine and bridging loans as well preferred equity for residential projects. It lends in London, the Home Counties and the South East with a minimum funding of £500,000 and claims to have no minimum or maximum development size. It will lend at up to 90% loan-to-cost and has funded some 30 projects worth £265m since it was established in 2011.

Harvey said: “Gordon is a highly experienced corporate banker and real estate lender with a proven track record of business development and relationship management of developers, investors and other lenders, particularly in our core areas of operation.

Mackie added: “I look forward to joining Contour which has proven itself a dynamic and innovative source of finance and is looking to grow its portfolio further”.