Octane Capital hires new credit manager

General-Business-Handshake-Hire-Appointment-700x450.jpgBridging specialist Octane Capital has hired Dan Tyson as credit manager.

Tyson joins from Shawbrook Bank where he was a senior lending manager, handling key broker accounts.

Since its launch in May last year, the specialist lender has grown rapidly, expanding from an initial team of three to a team of 17.

The company says further senior appointments are expected in the next few months.

A number of these appointments have come from Octopus Property, where the founder of the business, Jonathan Samuels, previously worked.

Octane Capital styles itself as a third-generation lender, by offering a ‘product-less’ lending model, where loans are priced according to risk, rather than LTV. Last month it announced it would be expanding to offer finance on more vanilla bridging deals.

Octane Capital’s, director of risk Matt Smith says: “Our credit team can shift from everyday vanilla deals to the most complex loans in the market. Increasingly we’re seen by brokers as a one stop shop for both standard and non-standard loans.”



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