Tunstall Real Estate hires head of debt strategy

David White joins Tunstall following its first debt vehicle fundraising to grow its loans business.

Tunstall Real Estate Asset Management has appointed David White as head of debt strategies.

White joins Tunstall from CR Management where he was a managing director responsible for its UK debt business. He has also held senior positions in corporate real estate at Nationwide and Lloyds Bank. He has spent 25 years in the real estate industry and has structured over £9 billion (€10.2 billion) of loans.

Tunstall said it wants to focus on growing its real estate lending business following the success of its first European Debt Fund, DPO Fund 1, which launched in July 2017. White’s appointment forms part of that growth strategy.

He will take responsibility for developing Tunstall’s lending business and growing its loan book. The firm said it has a strong pipeline of loans currently in due diligence. It has approximately £150 million to invest in whole loans up to 80 percent LTV secured against income producing UK regional property.

Hugh Fraser, global head of capital markets at Tunstall owner M7, said: “David joins us at an exciting moment for Tunstall’s growth as we focus on building its position as an alternative pan European lending platform targeting primarily regional assets.

“David’s experience and track record in leading origination across a wide range of clients mean that he is very well positioned to help Tunstall achieve this and we very much look forward to working with him.”