London, 11 January 2019 – With uncertainty in the specialist lending market hitting new highs in advance of Brexit, third generation lender, Octane Capital, today announced it is prepared to acquire suitable lenders if the opportunity arises.
Having successfully navigated the Global Financial Crisis, Octane Capital’s senior management team see current market conditions as an appropriate environment in which to grow market share and consolidate their ‘product-less’ #3rdgen lending model.
Jonathan Samuels, pictured, CEO, Octane Capital, commented:
“As Brexit looms ever closer, we are seeing more and more cracks appear in the specialist lending market. 2019 has shades of 2009 about it, with investors getting nervous and loan books under growing pressure. We’re in an environment that certain lenders and funders may not have prepared for but it’s a point of the cycle where we feel we have the experience to accelerate our growth. Our target is to pass half a billion of completions this year organically but if the right opportunity presents itself at the right price, we have the funds and infrastructure in place to act.”