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DBR continues to grow

DBR has appointed previous mortgage broker Geoff Allen as a business development manager.

Monday, February 21st 2011, 4:30PM

DBR director Darryl Eastgate says Allen's previous experience as a residential and commercial mortgage broker provides a real asset to both DBR and to the people who refer the company business. 

"He sees transactions from the brokers' perspective and knows how hard it is for them to source and secure business."

Allen worked with Eastgate and Brett Lornie in an accounting and administration role at North South Finance in 2003 and quickly moved into a business development role thereafter. 

He remained with North South Finance when the company was sold in 2006 and until now more latterly on a contract basis with KordaMentha. 

Prior to North South Finance Geoff was a commercial and residential mortgage broker operating in the Auckland region. 

Eastgate says in the last 12 months DBR has continued to grow its business with an additional $5 million approved from ASB taking their bank facilities to $25 million. 

DBR's shareholder has also established a liquidity line of $4 million from another bank, further increasing DBR's ability to grow as the market continues to improve.

Eastgate says DBR is committed to building a staff and funding platform that will allow the company to take advantage of economic conditions as they improve.

 

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