As part of the deal, Dragonfly will take over Maslow Capital’s multi-million pound loan book, though specialist mezzanine and development loans will continue to be offered through the Maslow Capital brand.
Dragonfly’s eight staff will also be joined by Maslow Capital’s seven, effectively doubling its workforce.
Jonathan Samuels, CEO of Dragonfly Property Finance, says: “Maslow Capital are heavyweight players in the mezzanine loan sector. With our development and mezzanine operation now in safe hands, the Dragonfly team can continue to focus their energy on consolidating our position as the market’s leading provider of bridging, buy-to-let, second charge and HMO loans.”
Ellis Sher, director of Maslow Capital, adds: “We are very excited about combining our strengths and expanding the solutions we offer to professional property developers.”