Octane Capital has appointed Adam Ware as internal business development manager.
Ware joins from specialist lender Commercial Acceptances, part of the Close Brothers Group, where he held the role of assistant lending manager with a focus on loan origination and underwriting.
Octane, which refers to itself as a ‘third generation’ lender, launched in May 2017 and prices loans based on risk, rather than on loan-to-value.
The lender has grown from a team of three to 18 since its inception.
Octane Capital managing director Mark Posniak says: “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.”