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Octane Capital hits £100m of redemptions in just 15 months

Octane Capital Octane Capital
Posted on Sep 12, 2018 | in Press Releases

  • 3rd gen lender also smashes through £0.25bn of lending over the summer following a record August for both AIPs and completions

‘Product-less’ lender, Octane Capital, today announced it has hit £100m of redemptions just 15 months since launching in May last year.

The £100m redemptions milestone follows another major breakthrough for the ‘3rd gen’ lender over the summer, when it smashed through £250m of completions.

Bucking the seasonal trend, Octane singled out August 2018 as its busiest month yet, in terms of both AIPs (agreements in principle) and actual completions.

To maintain momentum, Octane Capital is currently on the road. More information on its #3rdGen lending roadshow, along with venues and dates, can be found here.

Mark Posniak, Managing Director, Octane Capital, commented:

“Anyone can lend money — it’s the speed, ease and predictability with which you get it back that matters most. Redemptions offer a snapshot of the quality of your risk, and to have hit £100m in just 15 months on well over £250m of completions is, for us, our biggest achievement yet. Redemptions also enable you to get more money into the market, which is vital in a climate as fast-moving as this. August is generally a slow month but for us it was off the scale, at both the back and front end. Autumn 2018 is shaping up to be something special.”

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