Chat to a team member

Press Releases

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

Octane Capital Octane Capital
Posted on Oct 11, 2019 | in Press Releases

  • Despite the 31 October Brexit deadline, Q3 2019 the biggest yet for the ‘product-less’ lender in both the number and value of loans completed

London, 11 October 2019 – ‘Product-less’ lender, Octane Capital, today announced it has passed £250m of redemptions since launching in 2017, with £125m in 2019 alone.

A significant 40% of the redemptions since launch have been by way of sale, with 90% of the loans with a sale as their intended exit managing to achieve it, the rest refinancing.

The £0.25bn redemptions milestone comes at the end of a record third quarter, in terms of both loan numbers and value, moving Octane Capital closer to £1bn of completions. 

Jonathan Samuels, CEO, Octane Capital, commented:

“To hit quarter of a billion of redemptions is a huge boost for everyone at Octane, as it confirms we are on the right track with our risk and means we can get more money into the market. What particularly stood out for me is that nine in 10 of the loans where sale was the intended exit have achieved precisely that. It suggests there’s decent liquidity in the market if you’re exposed to the right properties in the right areas. That the third quarter, leading up to the 31 October Brexit deadline, has been our biggest yet also suggests there are a lot of investors who are making the most of the current uncertainty. Brexit appears to have buoyed investors rather than bulldozed their confidence.”

More in this section

Octane Capital promotes four members of its credit team

Nov 06, 2023 | Press Releases

Specialist property lender Octane Capital has announced the promotion…

Octane Capital
Octane Capital
READ MORE

Octane Capital identifies HMOs and developer exits as hottest bridging trends

Oct 20, 2023 | Press Releases

At a recent Octane Capital event, hosted in partnership with…

Octane Capital
Octane Capital
READ MORE

Octane Capital welcomes three new BDMs

Oct 10, 2023 | Press Releases

Octane Capital has appointed Lee Warne and John Smith as BDMs,…

Octane Capital
Octane Capital
READ MORE