London-based Precede Capital Partners expanded the team behind its real estate development lending platform through the appointments of Leon Johnson and Sonali Mullick.
Johnson was named associate director of credit and will report directly to Precede’s Chief Credit Officer, David Jerrard. His appointment boosts a credit team with established expertise on the sourcing, underwriting and structuring of deals across sectors including residential for sale, build to rent and purpose-built student accommodation.
Johnson joins from Green Street, a research and advisory firm, where he began as a senior associate and rose to vice president. He previously served as an analyst at J.P. Morgan Asset Management.
Mullick was named senior associate, Legal, and will report to Karen Dunstan, Precede Capital’s co-founder and general counsel. She joins from Reed Smith LLP, where she served as a legal consultant for Structured Finance. Her previous experience across real estate, structured finance and banking, which includes serving as a paralegal at Greenberg Traurig LLP and Hayfin Capital Management, will provide direct support to Precede’s corporate and transactional work.
Precede Capital works with developers, real estate sponsors, banks and institutional investors to provide bespoke debt financing solutions for large-scale real estate projects, including competitively priced whole loans and whole Green Loans with flexible structuring and leverage. The firm, which is backed by TowerBrook Capital Partners and QuadReal Property Group, has originated and arranged loans totaling over £1.5 billion ($1.83 billion) since its launch in 2021 as Précis Capital Partners.
“There is a significant opportunity for non-bank lenders to play a vital role in funding and supporting U.K. real estate borrowers and investors, and we plan to continue building our capacity with new talent and nurturing our existing high-performing team,” said Precede Capital COO and Co-Founder Daljit Sandhu. “Both Leon and Sonali will play important roles in driving our work forward.”
