Colin Sanders, the chief executive of bridging and development finance provider Fortwell Capital, is to leave the company after six years in the role, PDI sister publication Real Estate Capital has reported.
A spokesperson for Fortwell confirmed that in the short term at least, Sanders’ responsibilities will be taken on by Fortwell Capital’s executive board director Dan Smith.
Sanders has served as Fortwell’s CEO since the company’s inception in 2011. The firm, which has lent more than £1 billion through bridging, structured finance and buy-to-let loans, was originally called Omni Capital Partners before it was rebranded in February 2016.
The company is a wholly-owned subsidiary of Christian Candy’s CPC Group.
In addition to leading Fortwell, Sanders established sister company, Omni Capital Retail Finance, which was sold in January 2017 to Castle Trust.
In a statement, the company said: “After six hugely successful years, Colin Sanders is leaving Fortwell Capital.
“Under his stewardship, Omni Capital Partners re-branded as Fortwell Capital in 2016 and transitioned its offering into larger short-term finance, structured finance and, specifically, development finance products.
“The Fortwell board, led by executive director Dan Smith, wish to extend their enormous gratitude to Colin for his leadership over the last six years; Fortwell remains committed to continuing the company’s support to borrowers, developers and investors seeking success in UK real estate.”