Octane Capital lend over £250 million in 2024
By Bridging Loan Directory
Octane Capital has reported a significant increase in lending from 2023 to 2024, setting a company record for short-term lending.
Octane offers residential and semi-commercial bridging, refurbishment and developer exit finance to investors and developers, with rates from 0.74% per month (BBR linked).
Jonathan Samuels, CEO at Octane, commented:
“2024 was an incredible year for Octane across every metric.
Whilst the landscape is challenging for investors, our product set is well suited to help them navigate market conditions.
Our refurbishment product has been our most popular offering, constituting over 50% of the loans completed in 2024.
With buy-to-let rates remaining relatively high, many investors are turning away from single tenancy properties and searching for better returns.
Our refurbishment product can help them achieve that end; whether their goal is to increase a property’s value or improve its yield.
We also saw a spike in developer exit loans last year, as developers continue to grapple with slow sales pace and climbing construction costs.
This number is a testament to the hard work of everyone within the business, across credit, sales, finance and marketing.
We have bold targets for 2025, with the £2 billion of lending milestone now firmly in reach!”
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