Octane Capital has completed an £8.5 million developer exit facility, finalising the deal within 20 days of receiving the application. This move has provided crucial refinancing for a nationwide developer, allowing them to manage the remaining 30 units across two new-build sites located in Pershore and Ely.

The transaction was structured across two cross-charged loans, clearing the development finance on both sites while also raising £4 million in capital to boost the developer’s liquidity. The loans were agreed with a 70% loan-to-value (LTV) ratio, set for a 12-month term, and came with an arrangement fee of 1.36%. The monthly interest rate was priced at 0.79%, linked to the Bank of England base rate.

Josh Knight, Octane’s Sales and Marketing Director, originated the loans, while the firm’s Director of Structured Finance, Alex Tyrwhitt, and Head of Short-Term Credit, Rick Hollingsworth, handled the underwriting. This kind of swift execution is likely to be discussed at upcoming *construction networking events* in Pershore and Ely, where professionals often seek advice on how to *win construction contracts*.

Supporting the completion were Octane’s legal team, including Daniel Baker and Seray Kitchingman from Weightmans, alongside Patrick Kearon, the firm’s valuer from Colliers.

Matt Smith, Director of Credit and Risk at Octane, noted the team’s efficiency in handling large transactions, stating: “Particularly over the last two years, we have seen an increase in completions in the £5 – 20 million range. To complete a facility of this size in just 20 days is testament to the efficacy of the team and how hard they work. A huge thank you must also go to our professional partners and our introducing broker, without whom this completion timeframe would not have been possible.”

This achievement by Octane Capital will likely attract attention at property networking events in the South East, where industry professionals gather to discuss financing strategies and opportunities. To register your place at the UK’s biggest real estate and property festival, visit https://www.ukreiif.com/ukreiif-2025/