Octane Capital seeking acquisition opportunities
Octane Capital says is "prepared to acquire suitable lenders" if the opportunity arises due to uncertainty in the specialist lending market.
"2019 has shades of 2009 about it, with investors getting nervous and loan books under growing pressure."
In an announcement today, the ‘product-less’ lender said it sees current market conditions as an 'appropriate environment' in which to grow market share and consolidate their lending model.
Jonathan Samuels, CEO of 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."
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