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LTV: 55% LTV
Rate: 0.37% per month + BBR
Solution: Octane’s loan was to a high-net-worth individual residing outside of the UK and is secured on two prime residential properties in Kensington. The loan provides a substantial capital raise to help fund ongoing investment opportunities. The loan was completed within 4 weeks of the initial enquiry.
LTV: 55% LTV
Rate: 0.35% per month + BBR
Solution: Octane’s loan was to a highly regarded developer and is secured against a prominent building in Liverpool City Centre, which our client was developing in stages. Octane’s loan clears the existing debt on the site, giving our client more time to sell the units in phase 1, whilst releasing extra funds to help with the development of phase 2.
LTV: 70% LTV
Rate: 0.39% per month + BBR
Solution: Octane’s loan was to an experienced property developer and is secured against 7 new-build houses in a development in Surrey. Our loan refinances the development lender and gives our borrower more time to market and sell the units.
LTV: 65% LTV
Rate: 0.42% per month + BBR
Solution: Octane’s loan is secured against a semi-commercial unit in Paington, Devon, which consists of a commercial unit and 11 apartments above. Octane’s loan refinances the development lender and provides a capital raise to help the Directors recoup some of their investment.
LTV: 70% LTV towards the purchase, net of interest, plus 100% of the refurbishment costs, at 70% LTGDV.
Rate: 0.42% per month + BBR.
Solution: Octane’s loan helped our borrower acquire a 3-bedroom house in Altrincham and funded 100% of the costs of refurbishment, which included a single storey rear extension and an internal renovation throughout.
LTV: 62% LTV
Rate: 0.36% per month + BBR
Solution: Octane’s loan helped our borrower refinance the final unit in a new-build development in Huddersfield. Our borrower needed to release capital from this project to help fund a separate development. Our loan allowed our borrower to draw the funds in stages, with interest only charged on drawn funds.
LTV: 70% LTV
Rate: 0.39% per month + BBR
Solution: Octane’s loan helped our borrower acquire a large house in Padstow. Our borrower’s plan is to work up planning permission to redevelop the site and, on receipt, will refinance our loan will a development finance facility.
LTV: 70% LTV towards the purchase, net of interest, plus 100% of the conversion costs, at 58% LTGDV.
Rate: 0.41% per month + BBR
Solution: Octane’s loan helped our acquire a three-bedroom house in Bristol and will fund its conversion into a 5-bedroom HMO under permitted development.
LTV: 60% LTV day one, net of interest, plus 100% of the cost of the remaining build costs, at 60% LTGDV
Rate: 0.42% per month + BBR
Solution: Octane’s loan helped our borrower refinance a part-complete 5-bedroom family home in Brenzett, Kent. Our loan repaid the development lender and provided the funds needed to finish the development.
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