Specialist lender Octane Capital has hired Dominic Sheahan as senior business development manager for the South West.
Sheahan joins from Kent Reliance where he held a similar role and prior to that, worked at Metro Bank, also as a BDM.
Octane Capital, known as a ‘third generation’ lender launched in May 2017 and has grown from a team of three to 20 since then.
It says more senior hires are set to be announced in the coming months.
Sheahan says: “Octane are a small, dynamic team and exude an energy that you don’t see much in the property finance market. Their third generation lending model is being embraced by a growing number of brokers and my goal is to ensure it becomes the default setting for those operating out of the South West.”
Octane managing director Mark Posniak says: “Dominic is one of the most respected people in his field, with a proven track record and a network of brokers that is second to none. As a lender we are increasingly looking to build our book outside the capital and the South West is one of the most active regions at present. With Dominic, we will have an exceptional foothold in that area of the country as we seek to scale up our lending and make the third generation of lending the only generation.”