Jonathan Samuels, founder of Dragonfly Property Finance, has launched a specialist lending platform in a joint venture with Pamplona Capital Management.
Octane Capital will offer residential and commercial bridging loans, medium-term buy-to-let products and development finance when it launches next month.
The team will include former Dragonfly managing director Mark Posniak and director of risk Matt Smith. The two will take on the same roles at Octane Capital.
Tom Clark, previous head of bridging at Wellesley and senior development manager at Shawbrook Bank, joined Octane Capital as sales director.
Samuels said: “It’s fantastic to be back in the industry and working again with some of the most respected names in specialist property finance. In Pamplona we have an exceptionally strong and experienced funding partner that will position us well from the outset and enable us to lend at will.
“Our focus will be on complex, non-standard loans that are outside the comfort zone of most other lenders but which we believe play to our strengths. We are certainly not here to make up the numbers.”
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