Jonathan Samuels

Octane Capital reports £250m of redemptions

Octane Capital has announced it has passed £250m of redemptions since launching in 2017.

The specialist lender achieved £125m of redemptions this year alone. 

Some 40% of the redemptions since launch have been by way of sale, with 90% of the loans which had a sale as the intended exit managing to achieve it (the rest being redeemed through refinancing).

This coincides with the end of a record third quarter in terms of both loan numbers and value.  

Jonathan Samuels, CEO at Octane Capital (pictured above), claimed that to reach £250m of redemptions was a “huge boost” for everyone at the specialist lender.

“What particularly stood out for me is that nine in 10 of the loans where sale was the intended exit have achieved precisely that. 

“It suggests there’s decent liquidity in the market if you’re exposed to the right properties in the right areas. 

“That the third quarter — leading up to the 31st October Brexit deadline — has been our biggest yet also suggests there are a lot of investors who are making the most of the current uncertainty. 

“Brexit appears to have buoyed investors rather than bulldozed their confidence.”

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