Mark Posniak

Octane Capital provides complex acquisition bridge for site near disused mine

Octane Capital has provided a £617,000 acquisition bridging loan to support the purchase of a development site in Aylesham, Kent.

The loan — which was completed in seven days, even with the site being located near a disused mine and purchased through an offshore entity — was issued to a client of real estate advisory firm Voltaire Financial.

The site was being purchased from an administrator with a tight deadline, but funds couldn’t be delivered by the borrower’s existing development finance partner in time for completion.

Despite this, Octane provided the loan over a six-month term with the exit being a development facility arranged by Voltaire Financial.

“…Voltaire Financial was totally on top of things and got us everything we needed on time, working seamlessly with our own BDMs, Liam Lawlor and Adam Ware,” said Mark Posniak, managing director at Octane Capital (pictured above).

Andrew Hosford, director and head of bridging at Voltaire Financial, added: “This was an example of bridging in the traditional sense and shows what can be done when the execution strength of all parties is at the highest level.”

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