Octane Capital, the third generation bridging lender, has hired Nicky Pack as credit manager.
Pack previously worked at Alternative Bridging Corporation as a senior underwriter and, prior to that, at Omni Capital. She will report into Matt Smith, director of credit.
Smith said: “Nicky has a huge amount of experience in the short-term lending market and an excellent knowledge of risk.
“Both qualities will stand her in good stead given the complexity of the loans we are structuring at Octane and tight deadlines we are often working to.”
Pack added: “There’s a huge amount of ambition in the Octane team and I’m excited to be joining at such an early stage of its journey and playing my part.
“The product-less lending model is proving to be very popular with brokers and really stands us apart in a crowded market.”
Octane Capital has grown from a team of just four at launch to 14, with further new hires set to be announced in the New Year as it targets increased market share.
In May of this year, Octane Capital launched without a product sheet, instead opting to structure loans on a highly bespoke basis and price according to risk.