Damian Ainsley and David Rainford, PMJ Capital, Inform Communications

David Rainford, left, and Damian Ainsley, right, of PMJ Capital. Credit: via Inform Communications

PMJ Capital strengthens leadership team

Damian Ainsley has joined the Bolton-based funding provider as investment director.

PMJ Capital provides property funding loans for SME developers and entrepreneurs, with facilities from £26,000 to £2m.

Ainsley joins PMJ from his previous position as account manager at Tatton Investment Management, bringing more than 20 years of experience to the role.

Previous positions also include valuation manager at Makeurmove, director of AMG Partnership, and owner of Just Investment Property.

In his new role as investment director at PMJ, Ainsley will be working with advisors to secure private market investment opportunities for prominent individuals.

Ainsley’s appointment brings the team’s total headcount to eight professionals. He will work alongside chairman Mike Wright and managing director David Rainford in the leadership position.

Ainsley said: “This is a wonderful opportunity for private investors and their intermediaries to access an area of property investment that has historically been dominated by banks and institutional investors.

“Most exciting of all, it enables investors to complement their existing investment portfolio by achieving higher than inflation rates of return in a secure, consistent, and repeatable way, forgoing the volatility and uncertainty many have experienced in the stock market in recent years.”

Rainford added: “Traditionally our investment has come from a trusted circle of close contacts but with Damian’s appointment and the expansion of the team we are broadening that through our growing network to include financial advisors, intermediaries, and wealth managers right across the UK.

“Damian brings a significant level of insight and knowledge of the alternative investment market and will enable PMJ to work with more SME developers in providing funding options for residential development.”

Since PMJ was founded in 2014, the company has loaned over £100m to property developers, with a current loan book value of £73m and a further £22m in the pipeline.

Projects funded by the firm include the final phase of the Low Wood scheme in Casterton and 21 Living’s conversion of a former bank in Sale to provide commercial space and apartments.

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