Chat to a team member

Press Releases

Third generation lender, Octane Capital, completes its first loan

Octane Capital Octane Capital
Posted on May 16, 2017 | in Press Releases

In less than two weeks since its launch, ‘productless’ third generation lender, Octane Capital, today announced it has completed its first bridging loan.

The loan — a £500,000 bridge for a foreign national purchasing a new build flat in South West London — was introduced by Simon Ryder of financial advisory firm and brokerage, First Financial, and completed last Friday.

In early May, Octane launched with a twist: it will not offer a list of products with rates determined by LTV. Instead, each loan will be structured on a highly bespoke basis and priced according to risk.

With its in-house experience — its founders have loaned over £2.2bn across 4000 loans — Octane Capital will focus on complex, non-standard and larger loans that brokers may struggle to place with other lenders.

Mark Posniak, Managing Director, Octane Capital, commented:

"It’s fantastic to be out of the blocks with First Financial, who immediately understood the pricing model we’ve introduced. It’s also great to have formal proof of concept for what we believe is the future of specialist lending. Since launching, our ‘productless’ model has attracted more interest from brokers than we could ever have hoped for. Best of all, we have plenty of other loans in the pipeline and are enjoying every minute of it.”

Simon Ryder, Director, First Financial, added:

“For anything slightly non-standard or complex, I have no doubt Octane will become the go-to lender for brokers. Its team has a vast amount of experience and love the loans that other lenders shy away from. Rather than obsess over LTV, they’re able to rapidly drill down into the detail of a loan and price and structure it accordingly. Oh, and it goes without saying that we’re thrilled to have introduced the first loan for this revolutionary new lending model.”

More in this section

Mark Posniak

Octane Capital Buy to Let products added to Iress platform

Oct 21, 2021 | Press Releases

Third generation bridging and buy to let lender, Octane Capital,…

Octane Capital
Octane Capital
READ MORE

MBT Affordability integrates with Octane Capital

Oct 10, 2021 | Press Releases

Mortgage Broker Tools (MBT) has added Octane Capital to the Buy…

Octane Capital
Octane Capital
READ MORE

Benjamin Donelien joins Octane Capital

Sep 13, 2021 | Press Releases

Third generation bridging and buy to let lender, Octane Capital,…

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

2 hours, 32 minutes ago
Delighted to have had the Octane Capital Ltd #BuyToLet #Products added to Iress The take up of our specialist… https://t.co/AutOOrgHdX

6 hours, 52 minutes ago
Special shout out to the official Bar Sponsor at next years #OctaneCapitalCup being held at Wembley (Goals) next Ma… https://t.co/ftsihUvsLE

7 hours, 17 minutes ago
Wow-what a lovely thing to read as I opened Linkedin today! Thanks so much Kim McGinley CeMAP & team VIBE Speciali… https://t.co/necK2A88T1

7 hours, 21 minutes ago
Love this - cant wait for next May Octane Capital Ltd #OctaneCapitalCup https://t.co/yYonb9UxFR

1 day, 1 hour ago
Amazing effort by Jamie Oxley here in ensuring that we hit a very tight deadline and saved a client his £30k deposi… https://t.co/Jn8FeXE7WB

1 day, 3 hours ago
Great to catch up with Business Moneyfacts Magazine today and showing them round the Octane Capital Ltd #3rdGen Off… https://t.co/jIu9KfOrBA