Chat to a team member

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

Press Releases

Octane completes £9m loan for 'labyrinthine' portfolio acquisition

Octane Capital Octane Capital
Posted on Mar 01, 2021 | in Press Releases

Octane Capital has provided a £9m loan for the complex acquisition of a large mixed-use portfolio in Crystal Palace, south London.

The portfolio — which has been held and managed by the same owners for over 25 years — has more than 60 different tenancies and 40 titles. 

The sale involved the transfer of shares from two limited companies to an intricate ownership structure, with the exit as a refinance to a term lender.

Nick Harrison, founder of Bespoke Business Finance, explained how the deal ended up being far more complicated than originally anticipated, with the share purchase agreement involving numerous shareholders, a highly complex security structure and three sets of lawyers. 

“In my eyes, the transaction would never have got over the line without the tremendous skill, energy and hard work of Alex Tyrwhitt, Octane’s head of structured finance,” he commented.

Alex (pictured) said that Nick and Martin Lee, associate at Bespoke Business Finance, showed their quality and experience by working day and night to ensure all parties and professionals were on track, informed and motivated to see the deal through to a successful completion.

“In addition, Simon Noonoo [partner at Seddons] and the rest of [their team] were absolutely crucial in getting this labyrinthine deal over the line,” he added. 

More in this section

Octane Capital passes £1billion of completions

Jun 10, 2021 | Press Releases

#3rdgen lender, Octane Capital, today announced that it has passed…

Octane Capital
Octane Capital
READ MORE

Octane Capital completes biggest — and most complex — loan yet

Jun 03, 2021 | Press Releases

Highly complex £17.35m loan involved the refinance of 40 properties…

Octane Capital
Octane Capital
READ MORE

Octane opens full BTL range to all brokers

Apr 15, 2021 | Press Releases

Octane Capital has today (15th April) opened its entire BTL product…

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

4 days, 13 hours ago
Getting into some real Euro2021 Spirit here at Octane Capital Ltd Come on England!! #itscominghome https://t.co/MWM0WZuc8g

5 days, 15 hours ago
Octane Capital Ltd Website now updated to commemorate this very special day! #Proud https://t.co/vpL1rJXQc4

5 days, 16 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, 5 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