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Octane appoints director of commercial




Octane Capital has hired Matthew Bird as director of commercial real estate finance (pictured above).

Matthew joins the productless lender from Legal & General Investment Management, having previously spent time with real estate fund manager Frogmore. 

Matthew brings 20 years of commercial property experience with him and has transacted more than £3bn at a variety of private equity firms and global institutions. 

Some of the Octane team have worked with Matthew before when he was involved as an external consultant during the launch of Dragonfly Property Finance’s commercial property division. 

“Jon [Samuels], Mark [Posniak] and the rest of the Octane team have always been at the cutting edge of specialist lending and so the opportunity to work with them again was impossible to turn down,” said Matthew.

“Octane’s revolutionary pricing model is reinventing the sector and has given investors a whole new option when it comes to commercial property finance. 

“This is a lender that has massive plans and I hope to play my part in helping it achieve them.”

Matthew is a member of the Royal Institution of Chartered Surveyors as well as a board member of the Investment Property Forum and a founding member of the IPF Proptech board.

"Matt brings a huge amount of experience, sectoral knowledge and technical know-how to our rapidly growing team,” said Mark Posniak, managing director of Octane Capital.

“For the large and highly complex commercial loans we are targeting, his skillset is second to none. 

“Residential clearly remains a massive market for us, but commercial has vast potential, too, and we plan to make our mark. 

“With Matt on board, we certainly have all bases covered.”

Octane launched without a product sheet last month and has completed a number of loans within that period, including a £1m bridge in four days.

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