Octane Capital completes £4.41m developer exit loan in Surrey
06 May 2026
Octane Capital has completed a £4.41 million developer exit loan for an established UK developer and contractor with more than 25 years’ experience across Surrey and the wider Home Counties.
The transaction marks a repeat piece of business, with the borrower returning to Octane to support their latest funding requirement, reflecting the ongoing relationship between the two parties.
The facility was structured as a 15-month developer exit loan at 65% LTV, secured against four semi-detached homes forming part of a six-unit scheme. The development has been finished to a high standard and includes access to a private parcel of woodland, a feature that sets it apart within the local market.
At the point of completion, two of the units had already been sold. The loan refinanced the existing facility while also releasing equity, giving the developer time to market and sell the remaining properties without pressure, and ultimately maximise values.
The deal was completed in three weeks and priced at 0.71% per month, linked to BBR. It included a 1% arrangement fee, no exit fees, and rolled interest.
The case was introduced and packaged by Steve Bealing at ASC Finance for Business. At Octane, the transaction was led by Senior Business Development Manager Francesca Woodhouse and underwritten by Jamie Oxley, Senior Structured Finance Manager. Knight Frank provided the valuation, with legal work carried out by Daniel Baker and Seray Kitchingman at Weightmans.
Francesca Woodhouse said: “This is a good example of how developer exit can be used in the right way — not just as a refinance, but as a tool to give borrowers the time and flexibility to deliver the best outcome on a scheme.
“It also highlights the importance of relationships. Having worked with this client before, there was already a clear understanding on both sides, which helped us move quickly and structure something that worked for everyone involved.
“Thanks to Steve and the team at ASC for bringing this back to us and working closely throughout.”