Capital Advisory, LEXI Finance, Makes Three Key Appointments as Turnover Doubles

16 October 2024

Growing real estate capital advisory LEXI Finance has made three key appointments as it continues to expand in response to increasing requirements for debt advisory work.

Morgan Bowen and Charlie Fox have joined LEXI as Associates and David Miller as a Consultant.

The appointments follow a very successful year to date for LEXI with the average loan size more than doubling. By the start of Q3, LEXI had advised on 30 different completed transactions spread across 20 different lending partners, three of them being new to LEXI. Notably, development finance requirements are up 40% and they have witnessed a 30% year-on-year increase in completed acquisition loans for new projects. Development loans have covered pre-let industrial, speculative warehousing and both BTR and BTS residential.

David Miller brings a wealth of experience to LEXI following a career in finance at various property companies. Most recently David acted as Finance Director for South Street Asset Management and prior to that spent two years as Head of Finance at Criterion Capital. David brings a background in technical understanding to LEXI’s offering and can draw upon a vast network of property professionals to underpin his work.

Morgan Bowen joins LEXI from Investec’s real estate finance team where he originated and managed portfolio loans. Prior to this, Morgan worked at Savills and brings a strong network of residential and commercial real estate connections.

Charlie Fox joins LEXI from Toorak Capital Partners, where he worked funding lenders across the UK real estate market. Charlie also has previous experience in debt advisory and worked at three FTSE 100 companies before moving into real estate finance.

The new hires underpin LEXI’s confidence in the market and the drive for continued growth. Live mandates across the debt advisory team cover office refinancing, hotel asset-management and affordable housing portfolio acquisitions. Such specialist lending requires support from a range of new real estate finance experts.

Charlie Armstrong, Director of LEXI, commented: “LEXI has had a highly successful year, enjoying record breaking business volumes and establishing some excellent relationships with new clients and new lenders. We’re seemingly entering a new start to the cycle with developers, housebuilders and asset managers acquiring sites and commercial buildings ripe for redevelopment, repositioning or long-term investment.

“Morgan, Charlie and David have joined us at a very exciting time, and they will play key roles in helping us to deliver our growth plans whilst maintaining our excellent client relationships and service. As well as their skills and experience, they bring drive, commitment and business know-how which enables us to structure and complete finance solutions for a broad spectrum of clients and projects across the UK and Europe.”