Mario Berti

Octopus Property reaches £1bn loan book




Octopus Property has announced that its loan book has now exceeded £1bn.

The specialist lender said that the increase in its loan book followed a period of record growth and an expanding UK-wide remit.

Diversified product offerings have also underpinned the growth of the lender’s loan book. 

Octopus Property’s book is made up of residential (48%), commercial (31%) and development (21%). 

Mario Berti, CEO at Octopus Property, said: “This is an incredible achievement for the business and is a testament to the hard work and commitment of the team.

“We wouldn’t have got where we are without the ongoing support of our intermediaries, who have enabled us to serve an increasingly diverse range of borrowers in our core markets, such as London, as well as new regions across the UK. 
 
“Despite the broader macro uncertainty, this success has been based on a combination of the inability and unwillingness of bank lenders to evolve, the favourable underlying drivers supporting UK real estate investment and our ability to stay ahead with flexible and comprehensive products, as well as great customer service.”

Mario added that with the backing of the Octopus Group — which has £8.5bn of assets under management — coupled with Octopus Property’s growing and experienced team , the specialist lender was well placed to continue to increase its lending to borrowers throughout the UK.
 
Octopus Property saw a record start to the year in which it has committed more than £150m of finance. 

Its bespoke financing offerings typically range from £100,000–£50m and it has provided more than £3.6bn of financing since it was founded in 2009. 

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