Chat to a team member

Press Releases

Alex Tyrwhitt joins Octane Capital as Head of Development Lending

Octane Capital Octane Capital
Posted on Sep 05, 2017 | in Press Releases

  • Octane will initially focus on conversions and lighter refurbishment and then evolve its development proposition in the months ahead to meet market needs 

Development finance today entered the third generation with the announcement by ‘product-less’ lender, Octane Capital, that it has formally launched its development arm and hired Alex Tyrwhitt as Head of Development Lending.

Initially, the Octane Capital development proposition will focus on conversions and lighter refurbishments. Its goal is to cater for heavy refurbishment by the end of 2017 and full, ground-up funding by Spring next year.

Tyrwhitt will be instrumental in helping Octane fine-tune its proposition and scheme appetite in the months ahead. He joins Octane from HSBC where he worked in the UK Corporate Real Estate team, acting as a relationship director for, among others, three of the bank’s 10 largest European real estate clients and helping arrange numerous loans, from £5m to £100m and beyond.

Prior to that he was an Associate at GE Capital Real Estate UK, working as a Risk Underwriter on both debt and equity projects. Tyrwhitt started his career as a Chartered Surveyor and RICS-registered Valuer at Lambert Smith Hampton.

Octane Capital launched in May of this year but does not offer a product sheet with set rates determined by LTV. Instead, each loan is structured on a bespoke basis and priced according to risk. Its focus is on complex and larger loans that brokers struggle to place.

Alex Tyrwhitt, Head of Development Lending, Octane Capital, commented:

“I’m really excited to be joining Jon, Mark, Matt and the rest of the team at Octane as they set out to create the next generation of lending. The development market is crying out for a dynamic lender with rapid decision-making and deal execution and, as ever, Jon’s positioning and timing were just right. My goal is to help build the best development lending platform in the market with a team and infrastructure that will enable us to look at all manner of proposals across the UK.”

Matt Smith, Director of Risk, Octane Capital, added:

“Despite the economic and political headwinds, the housing shortage remains as acute as ever and the majority of developers have retained their appetite to take on and build out new schemes. With high street banks continuing to shy away from development lending, there remains a significant gap in the market for professional, fast and flexible funding. It’s a gap, with Alex’s experience and contacts, that we wholeheartedly intend to fill.”

More in this section

Octane Capital and ADD Capital Finance save the day for Essex property investor with £250k bridge

Nov 07, 2019 | Press Releases

With clock ticking, ADD Capital Finance and Octane work together…

Octane Capital
Octane Capital
READ MORE

Octane Capital hits £250m of redemptions and posts record Q3

Oct 11, 2019 | Press Releases

• Despite the 31 October Brexit deadline, Q3 2019 the biggest…

Octane Capital
Octane Capital
READ MORE

Octane Capital joins MCI Mortgage Club panel

Sep 02, 2019 | Press Releases

• #3rdGen lender to offer its ‘product-less’ loans to 750 MCI…

Octane Capital
Octane Capital
READ MORE
Sections
Archive
Twitter
Follow us @octanecapital

8 months, 4 weeks ago
@AskAmexUK I love my Amex and want to use it even more with @ImagineCurve! Please bring it back @AmexUK @TheFCA… https://t.co/7D0sTD0BD9

9 months ago
RT @mposniak: First 2 pages of the Bridging Introducer feature on @OctaneCapital below where we talk about our plans for 2019 and… https://t.co/CzvQeUBd2R

9 months ago
RT @mposniak: Second 2 pages of the Bridging Introducer feature on @OctaneCapital below where we talk about our plans for 2019 an… https://t.co/OtyvK6Ws4z

9 months ago
RT @mposniak: Lets not forget about what makes @OctaneCapital's #3rdGen engine room tick. Nice little piece in Bridging Introduce… https://t.co/7TzaDzUUbX

9 months ago
RT @mposniak: Delighted to confirm that the 2nd Annual @OctaneCapital #3rdGen #OctaneCapitalCup2019 will be contested on Wednesda… https://t.co/41FYEKOOJd

9 months ago
RT @Beth_JFisher: Every other month, @BandCNews magazine will feature one key industry figure sounding out another. For the first iss… https://t.co/ShVUKUm9ub