The specialist lender’s senior management team felt that current market conditions were an appropriate environment in which to grow its market share and consolidate its lending model.
Jonathan Samuels, CEO at Octane (pictured above), said that as Brexit edged closer, it was seeing more “cracks” appearing in the specialist lending market.
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“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."