Octopus refinances ‘largest ever’ development scheme for £28.4m – Mortgage Solutions
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"Octopus Property is fast becoming one of the largest players in the UK specialist lending market. The fact it has now hit 3 billion of lending is testament to the strength of the team and their focus on delivering exceptional customer service by providing flexible and innovative financing solutions.
Home Lenders Octopus Finance. Octopus Finance is a UK property investment firm founded at the turn of the millennium, offering a new approach to the provision of bridging loans and other secured property funding solutions.
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Octopus Real Estate has agreed its largest-ever residential refinancing deal to cover a scheme of 106 privately rented units. The 28.4m facility refinances an existing development loan on the scheme in Ilford, East London.
Following a record month, Octopus Real Estate, part of Octopus Group, has launched an unregulated bridging product, increasing the maximum loan-to-value to 75%. With a minimum loan size of 100,000 and maximum of 500,000 the rate is 0.6%. It follows a record month of lending which saw Octopus.
The first initiative in December – known as the ‘LTRO’ or Long-Term Refinancing Operation – was aimed at unfreezing. of Greece’s rating to ‘selective default’, or the more positive development of.
Mortgage refinance candidates swelled by 2 million in May Meet the VIP Speakers – 13th Abuja International Housing Show Recovery of the residential housing market (windows, doors, roofing.) The continued urbanization in emerging countries, in particular China and emerging Asia; Content of the Future of Composites in Construction. Trade-Show: entirely dedicated to the construction market and its many segmentsBlack Knight’s data also reveals that May saw the lowest number of foreclosure starts in 18 years, at around 39,000, while the number of loans in active foreclosure fell to a more than 13-year low.
Octopus Real Estate lends 28.4m for PRS scheme D’mitri Zaprzala, head of sales at Octopus Property, said: "This is a great example of an Octopus Property product providing a client with a competitive and much-needed facility that a traditional bank would be unlikely to provide.
Octopus Property has expanded further into commercial lending with its first commercial term loan product. The lender says it wants to target a share of the 16bn annual market traditionally dominated by UK high street banks and building societies. The interest-only product will be fixed at 5.5 per.
TFS Financial (TFSL) Upgraded by TheStreet to B-Octopus refinances ‘largest ever’ development scheme for 28.4m – Mortgage solutions octopus investments nominees LIMITED – Overview (free company. – OCTOPUS INVESTMENTS NOMINEES LIMITED – Free company information from companies house including registered office address, filing history, accounts, annual return, officers, charges, business activityZacks Investment Research lowered shares of TFS Financial (NASDAQ:TFSL) from a hold.