It is led by chief executive Robert Orr and an experienced lending team and is backed by the significant resources of Oaktree Capital.
Titlestone reaches £1billion landmark
Titlestone Property Finance
, the stretched debt provider, has reached £1billion of facilities drawn down since launch in 2012.
Robert Orr, Chief Executive commented: "We are delighted to have reached this significant milestone and that so many of our clients keep choosing to work with us.
Titlestone chief executive, Robert Orr said: "Titlestone has become the leading stretched senior debt provider in the residential development market and Mark will be a fantastic addition to the team with a wealth of contacts and experience."
After the change of role, Titlestone chief executive Robert Orr approached Turner asking him whether he would be willing to become more involved with the lender.
The two men knew each other through Oaktree Capital, which is Titlestone
's backer and was a major shareholder in Countrywide
after a debt restructuring in 2009.
Orr said Turner's mix of experience in nancial services over a 30-year career in retail banking and property before he joined Countrywide made him the ideal candidate.
is a fantastic sounding board for the management team and is a perfect choice because of his
wealth of experience in both banking and the residential property sector," said Orr
Turner's industry contacts would be valuable in opening doors for the company, he
The appointment comes at a time of expansion for Titlestone
, which o ers stretched senior loans of between £1.5m and £25m to residential developers across the south of England.
Launched in 2012, Titlestone
committed more than £500m to projects during its rst two years and has since expanded its lending to just shy of £1bn.
It has been able to take advantage of the gap
left by the high-street banks, whose lending to small and medium-sized housebuilders came to a virtual standstill during the nancial crisis.
Some competition has since returned, said Orr
, but Titlestone
has nevertheless been able to grow its loan book without taking on riskier projects.