The news comes after Octopus Property broke its monthly lending record after completing around £80m worth of deals during March. 

The lender has now teamed up with the recently launched distributor to complete a number of loans in quick succession.

The loans were secured against four assets and included an acquisition bridge loan to support the purchase of a former public house in Woolwich and the refinancing of a near-completed residential development in Wimbledon.

The loans were all time-sensitive and required complex individual loan structures to be put in place to allow for value growth and phased drawdowns against each asset.

•   Octopus Property breaks record with £80m month
•   Octopus provides commercial bridge for £24m acquisition
•   Former Enterprise CEO to head up new financial services firm

“Having written over £80m of loans in March, it’s been crucial to keep things going at full speed,” said D’mitri Zaprzala, head of sales at Octopus Property (pictured above). 

“I’m delighted to see our experienced sales team generating such fruitful new relationships and am confident that our speed, certainty and flexibility of lending will ensure that we remain aligned with Black Book Finance and this relationship will go from strength to strength. 

“Black Book’s growth since launching last November has been incredibly impressive and our shared commitment to award-winning products and service has made for a natural fit.” 

Octopus Property’s relationship with Black Book Finance began in February when Dan Murray, business development manager at the lender, met with the Black Book team to discuss its new range of products.

“These completions are great examples of why I chose to return to the industry after an eight-year absence,” said Michael Clapper, executive chairman at Black Book Finance.  

“Octopus Property are forward-thinking, keen to lend and take a sensible approach to their underwriting decisions. 

“The market has once again become an exciting place to operate, and there are now huge opportunities for all introducers, provided they partner up with a distributor who knows how to get the job done, whatever their client’s finance requirements.”