Adam Ware joins Octane Capital as Internal Business Development Manager
Third generation lender, Octane Capital, today announced the latest addition to its rapidly growing team — Adam Ware as Internal Business Development Manager.
Adam joins from Commercial Acceptances, part of the Close Brothers Group where he has worked for the past five years. At Commercial Acceptances his role was Assistant Lending Manager with a particular focus on the loan origination and underwriting process.
Octane, which launched in May 2017, prices according to risk rather than Loan-to-Value, meaning each loan is uniquely constructed rather than off-the-peg. In January, it extended its product-less lending model from non-standard to conventional loan applications.
Octane has hired aggressively since launch, expanding from an initial team of three to 18 in under a year – with more senior hires to be announced in the months ahead as third generation lending becomes the preferred choice of brokers.
Adam Ware, pictured, Internal Business Development Manager, Octane Capital, commented:
“From the moment Octane launched I was fascinated by their unique approach to lending, where deals are priced and underwritten on merit rather than according to a set-in-stone credit policy. I was also attracted by the move from an established firm to a start-up where I have the chance to make a personal impact on the company’s success. The relaxed dress code and culture at our Camden office are also a breath of fresh air.”
Mark Posniak, Managing Director, Octane Capital, added:
“Adam brings across a vast amount of experience and has already started to make a significant impact on our operational efficiency. With a background in loan origination and underwriting, he has all bases covered and his enthusiasm for the product-less lending we offer is exactly what we like to see. The third generation of lending is gaining momentum by the day.”