Octane Capital and Hirschle Hughes complete £1.76m development exit in Hertfordshire

Octane Capital, in partnership with Hirschle Hughes, have completed a £1.76m development exit facility to support two newly completed residential properties in Hertfordshire.

The scheme comprises two high-specification executive homes with a combined market value of approximately £2.5m.

The 12-month facility refinanced the borrower’s existing development debt and associated exit fees, while also providing additional funds to settle final contractor and supplier invoices following completion.

Mark Stephenson, Senior Business Development Manager at Octane Capital, said:

“As soon as Dan shared the opportunity, it was clear this was a strong fit for Octane — good quality new builds and, importantly, a developer who hadn’t over-leveraged.

There were a few hurdles around biodiversity net gain and planning, but Dan did a great job keeping everyone aligned and the process moving.

When brokers stay close to a deal and keep communication flowing between all parties, it makes a real difference to getting transactions completed smoothly.”

Dan Smith from Hirschle Hughes commended:

“It was a pleasure working with Octane Capital on this transaction – their decisive, solution-led approach gave the client real confidence and ensured a smooth and timely exit from development finance. Very impressed.”

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