Octane Capital passes £500m lending milestone

Octane Capital has now recorded over £500m of completions since launching in May 2017.

The specialist lender’s completions were primarily made up of loans to professional landlords, property investors and developers.

It has received enquiries totalling over £5bn, which translates into formal applications of more than £1bn.

“We’re still a young company, but over the past two years the maturity and experience of the team we have has shone through time and again," said Mark Posniak, managing director at Octane Capital (pictured above).

“Clearly we wouldn’t be where we are without the support of the broker community and we look forward to continuing to serve it."

Jonathan Samuels, chief executive at Octane Capital, added: “We launched Octane with a vision of shaking up the specialist finance sector and hopefully — with our productless approach to lending — we have managed to achieve that.”

Jordan McBriar, managing director at Adapt Finance, claimed that Octane had “revolutionised” the specialist property finance market.

Nimesh Sanghrajka, managing director at Mantra Capital, also added: “Jonathan, Mark, Matt [Smith, director of credit] and the team are extremely experienced, and we look forward to completing more deals with them in the future.”

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