Octane Capital has achieved £100m of redemptions in the 15 months since launching in May last year.

The £100m redemptions milestone follows its achievement of surpassing £250m of completions in the summer.

Octane reported August 2018 as its busiest month yet, in terms of both AIPs (agreements in principle) and actual completions.

Mark Posniak (pictured), managing director of Octane Capital, said: “Anyone can lend money — it’s the speed, ease and predictability with which you get it back that matters most.

“Redemptions offer a snapshot of the quality of your risk, and to have hit £100m in just 15 months on well over £250m of completions is, for us, our biggest achievement yet. Redemptions also enable you to get more money into the market, which is vital in a climate as fast-moving as this.

“August is generally a slow month but for us it was off the scale, at both the back and front end. Autumn 2018 is shaping up to be something special.”