Chat to a team member

CORONAVIRUS: The health and safety of our customers and partners is our priority UPDATE

Blog

Our doors are now open to everyday bridging loans 

Mark Posniak Mark Posniak
Posted on Feb 06, 2018 | in Blog

One of the great things about being a young and relatively small lender is that you are, by default, an agile lender.

If you see an opportunity, you can quickly take it - and that’s what we’ve just done with the announcement that we will be taking our ‘product-less’ lending model mainstream.

To date, and as many of you will already know, we've focused primarily on non-standard, complex and larger loans - the polar opposite of vanilla.

After all, product-less lending lends itself naturally to complex loans, as it provides a blank canvas on which to structure them. In other words, you’re not trying to hammer square pegs into round holes (or vice versa).

But over the past couple of months we’ve also discovered that third generation lending excels with everyday loans, too - bread and butter bridging, if you like.

To cut a long story short, towards the end of last year a couple of the brokers we regularly deal with asked us if we could finance some more vanilla deals for their clients.

Never one to say no, we agreed and got stuck in. The whole process immediately showed itself to be effortless — for the simple reason that we weren’t constrained by the parameters of product-based lending. Yep, that peg and hammer point again.

Now we’re certainly not turning our back on non-standard, complex loans, as they will remain a big part of our business. They’re our differentiator and play to our vast experience.

But we’re now open to all kind of deals, however simple they are - and we want brokers to know that.

There’s an element of nostalgia about all of this. The brokers I speak to about the #3rdgen lending model all say they love the fact they don’t have to shoehorn a client into a fixed loan category but can instead work with a lender from the bottom up. It harks back to the good ol' days of bridging.

Essentially, what we’ve done here is take the best bits of the highly bespoke first generation of bridging and blended it with the professionalism and finesse of the second generation. 

The outcome, for us at least, is you have the best parts of both generations when structuring a deal. If you’d like to see for yourself, drop us a line any time.

More in this section

Mark Posniak

Four years old, flat out and having fun

Feb 24, 2021 | Blog

I can’t believe that this week we celebrated our fourth birthday,…

Mark Posniak
Mark
READ MORE

Specialist lending flies over the cuckoo’s nest

Feb 11, 2021 | Blog

If the closing stages of 2020 were crazy, the start to 2021 has…

Mark Posniak
Mark
READ MORE

Redemptions milestone amid pandemic my proudest moment yet

Jan 15, 2021 | Blog

Over the years the team here at Octane has achieved many great…

Matt Smith
Matt
READ MORE
Sections
Archive
Twitter
Follow us @octanecapital

4 days, 14 hours ago
Getting into some real Euro2021 Spirit here at Octane Capital Ltd Come on England!! #itscominghome https://t.co/MWM0WZuc8g

5 days, 16 hours ago
Octane Capital Ltd Website now updated to commemorate this very special day! #Proud https://t.co/vpL1rJXQc4

5 days, 17 hours ago
We are absolutely delighted to announce the passing of a Massive Milestone for @OctaneCapital, having now advanced… https://t.co/gQJMXWrMde

6 days, 6 hours ago
Huuuge press release coming tomorrow morning…. Watch this space! Octane Capital Ltd #3rdGen #ExperienceDelivers… https://t.co/wSAn9tRTrA

1 week, 6 days ago
Higher leverage is available for low-yielding London Residential Buy to Let Loans!!! The @OctaneCapital #3rdGen… https://t.co/y5aHnnTMCV