Asset & Invoice FinanceNews

Octopus Property completes £6.4m with Black Book Finance

Octopus Property has completed £6.4m of loans with new distributor Black Book Finance within a single working week.

The range of loans were secured against four assets and included an acquisition bridge loan to support a purchase in Woolwich and a refinancing in Wimbledon.

D’mitri Zaprzala, head of sales at Octopus Property, said: “Having written over £80m of loans in March, it’s been crucial to keep things going at full speed.

“Black Book’s growth since launching last November has been incredibly impressive and our shared commitment to award-winning products and service has made for a natural fit.”

Michael Clapper, executive chairman at Black Book Finance, added: “These completions are great examples of why I chose to return to the industry after an eight-year absence.

“The market has once again become an exciting place to operate, and there are now huge opportunities for all introducers, provided they partner up with a distributor who knows how to get the job done, whatever their client’s finance requirements.”

Octopus Property and Black Book Finance’s relationship began in February.

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