Octane Capital appoints Justin Cooper as Senior BDM

Octane Capital launched last week and will structure each loan on a bespoke basis, priced according to risk, instead of offering a product sheet with set rates determined by LTV.

Octane will focus on complex, non-standard and larger loans and will lend across residential and commercial bridging, bridge-to-let and bridge-to-sell, heavy and light refurbishment, and will offer development finance from Q3.

Mark Posniak, Managing Director, Octane Capital, commented: "Justin is a well-known and highly respected figure in the bridging industry. Having someone of his calibre and experience come onboard at such an early stage is a strong vindication of our new lending model and what we are setting out to achieve. We have huge plans for the sector and there’s no doubt that Justin will help us to realise them.”

Justin Cooper added: “Bridging has constantly evolved over the past decade but, for me, what Octane Capital are setting out to do is without doubt the future. While brokers value the professionalism and transparency of bridging today, many also complain that it has become too transactional and formulaic.

"There is a real demand for lenders who do not blindly box-tick but understand risk and work alongside brokers to get even the most complex deals across the line. It’s this sense of partnership with brokers and intelligent loan structuring that Octane is all about, and as someone who works closely with brokers each day that naturally appeals.”