Octane Capital expands BDM team

Adam joins from Commercial Acceptances, part of the Close Brothers Group, where he worked for the past five years as an assistant lending manager with a particular focus on the loan origination and underwriting process.

Octane, which launched in May 2017, prices according to risk rather than loan-to-value, meaning each loan is uniquely constructed. In January, it extended its product-less lending model from non-standard to conventional loan applications.

Adam Ware commented: “From the moment Octane launched I was fascinated by their unique approach to lending, where deals are priced and underwritten on merit rather than according to a set-in-stone credit policy. I was also attracted by the move from an established firm to a start-up where I have the chance to make a personal impact on the company’s success. The relaxed dress code and culture at our Camden office are also a breath of fresh air.”

Mark Posniak, managing director at Octane Capital, added: “Adam brings across a vast amount of experience and has already started to make a significant impact on our operational efficiency. With a background in loan origination and underwriting, he has all bases covered and his enthusiasm for the product-less lending we offer is exactly what we like to see. The third generation of lending is gaining momentum by the day.”