Fellow bridging lender Amicus Finance entered into administration last week, while there are rumours of other short-term lenders halting new lending in response to difficult market conditions.
Specialist provider Octane Capital has released a statement saying it is 'open' and 'prepared' to acquire suitable lenders if the opportunity arises.
Fellow bridging lender Amicus Finance entered into administration last week, while there are rumours of other short-term lenders halting new lending in response to difficult market conditions.
Jonathan Samuels, chief executive of Octane Capital, said: “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."
Octane Capital deals in a bridging, buy-to-let, refurbishment and developer exit loans.
