Octane completes four loans in 24 hours amid Covid-19 uncertainty

Octane Capital has completed four loans in the past 24 hours and announced it will continue to support broker partners as normally as possible, as the UK steps up measures to contain Covid-19.

The specialist lender will continue to review risk on an ongoing basis.

“These are extraordinary times, but we wanted to make it clear to the broker community that we are fully committed and will continue to lend as close to normally as possible,” said Jonathan Samuels, CEO at Octane Capital.

The loans included a £390,000 bridging loan to help a borrower purchase another property in London; a £230,000 development exit facility on two properties in the South East; a £660,000 BTL loan to a foreign national purchasing a flat in Battersea; and a £700,000 refurbishment loan.

Mark Posniak, managing director at Octane Capital, stated that there would be no impact at the operational level on either existing or future applications.

“As the four loans completed in the past 24 hours hopefully show, we remain hungry to lend and will do our utmost to serve the broker community during these unprecedented times.”

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