Octane has closed a $700 million forward-flow deal with New York Life, MetLife Investment Management, and Equitable.
New York Life, MIM, and Equitable have funded up to $350 million, $200 million, and $150 million respectively for fixed-rate installment powersports loans originated by Octane.
Octane has experienced a 36% year-over-year growth in originations in 2024 and aims to continue diversifying and expanding its base of capital providers.
This marks Octane's second partnership with life insurance providers and brings its total sold or committed forward flows to over $2 billion.