As a provider of finance for both the commercial and residential sector, Octopus can claim to offer products to suit almost any borrower and their needs.
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Active in the market since 2005, Octopus Real Estate established themselves as an early mover into what were then new specialist sectors. To date they have lent over £4.5bn throughout the UK and currently have over £2.3bn under management. They provide bespoke, customer-focussed lending solutions across the residential, commercial and development sectors. As a non-bank lender they have discretionary capital, specialist expertise, streamlined processes and a flexible approach which enables them to move quickly and with confidence however complex the case.
Octopus partner closely with their brokers, working together to help clients navigate complex cases that often fall outside mainstream lending criteria. They go out of their way to make lending processes as pain-free as possible for their brokers, developers, and clients alike. As market and client requirements change, Octopus change with them, always tailoring loans to individuals. Crucially they then look to deliver speedily working in line with each client’s completion date, using refined processes, well drilled teams and a dedicated case manager.
Alongside their lending operations Octopus Real Estate also have a strong background in the health and care investment sector. Their investment experts have been working for over 15 years, funding and developing modern, purpose-built health and care facilities. They are focused on care homes and retirement living – sectors that need major investment given the UK’s ageing population.
Your key contacts at Octopus
Octopus Real Estate
33 Holborn
London
EC1N 2HT
+44 800 294 6850
octopus-realestate.com
A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Bridging loans can be used for a wide variety of purposes. Perhaps the most common purpose is to allow you to buy a new home or business premises before you have sold your existing property. They can also be used by investors to buy property at auction, landlords to acquire buy-to-lets, developers to acquire and renovate properties and businesses to raise working capital. There are a myriad of different uses and Bridging.com can help to find the best loan for you.
Loans generally range from £10,000 to £50M with smaller or larger amounts provided on an exceptional basis. The value and equity within the property or properties you are securing against will determine how much you can borrow. The maximum loan to value (LTV) currently offered by most lenders ranges between 65-80%
In general most bridging loans will fall between 0.5% and 1.5% per month although occasionally they can be either slightly cheaper or slightly more expensive. Each loan is priced on risk with particular attention paid to the property, its location and the strength of your exit strategy.
Many lenders can agree terms in hours and funds can be in place in days rather than weeks. Average completion times with some lenders can be in the range of just 7-14 days. When you require speed to take advantage of a time-limited opportunity Bridging.com can help you to find the best lender for your unique circumstances.