Octopus completes £6.4m lending in one week for Black Book Finance

  • 19/04/2017
  • 0
Octopus completes £6.4m lending in one week for Black Book Finance
Specialist lender Octopus Property completed £6.4m of lending in just one week with Michael Clapper’s new distributor Black Book Finance.

The range of loans are secured against four assets and included an acquisition bridge loan to support the purchase of a former public house in Woolwich and the refinancing of a near-completed residential development in Wimbledon.

D’mitri Zaprzala (pictured), head of sales, Octopus Property, said: “Having written over £80m of loans in March, it’s been crucial to keep things going at full speed. I’m delighted to see our experienced sales team generating such fruitful new relationships and am confident that our speed, certainty and flexibility of lending will ensure that we remain aligned with Black Book Finance and this relationship will go from strength to strength. 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, Black Book Finance, said: “These completions are great examples of why I chose to return to the industry after an eight year absence. Octopus Property are forward-thinking, keen to lend, and take a sensible approach to their underwriting decisions. 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.”

There are 0 Comment(s)

You may also be interested in


Keep up-to-date with all the breaking bridging and short-term lending news and analysis, from regulatory changes to product innovation and inside market knowledge. Take a look at our broker and lender case studies showing short-term finance in practice.


Find all the news, opinion and analysis for property finance brokers specialising in commercial and semi-commercial mortgages, alternative and development finance for commercial investments in residential projects.

Second charge

Stay up-to-date with the latest news, analysis and opinion on the secured loan market as it evolves into a mainstream finance option following European regulation on 21 March 2016.

Complex buy-to-let

Whether it’s a complicated asset or a complex customer, you’ll find out all the breaking buy-to-let news in this section. From limited companies to portfolio landlords, student lets to a House in Multiple Occupation, we’ve got all bases covered with our up-to-the-minute news, analysis and opinion.

Mortgage Solutions

Find all the breaking news, analysis and industry comment on Specialist Lending Solutions' sister site, Mortgage Solutions

Read previous post:
Tesco Bank confirms retention fees

Tesco Bank has confirmed it will be offering a retention proc fee for brokers.