Healthcare
OakNorth Bank completes £4.4m CBILS loan to complete the development of a new care home in Upper Norwood
The capital from OakNorth Bank will enable the borrower to complete the construction of Beulah Vista Caring Home, which would have otherwise been delayed due to COVID-19; The project is being led by a highly-experienced team which also operates another care home – The Chestnut Lodge Home in Tonbridge; Recent research from Knight Frank [1], […]
Healthcare
CBRE arranges £42m debt facility from OakNorth Bank for the development of a new retirement village in the South East
The borrower is a vertically integrated retirement living investor, developer and operator, catering to the unmet demand within the growing UK elderly population; The business is one of a growing number backed by Private Equity or Institutional Capital. OakNorth Bank – the UK bank powered by OakNorth – has completed a £42m loan to a […]
Healthcare
OakNorth Bank completes loan to Birmingham-based Macc Care for the development of a new major care home in Solihull
OakNorth Bank has completed a transaction with Macc Care, the West Midlands care home operator with nine care homes across Birmingham and the West Midlands; The capital will be used to develop a new care home in Blythe Valley Park, a mixed-use business and leisure development on the edge of Solihull; The c.55,000 sq.ft. development […]
Healthcare
OakNorth Bank completes £26.3m loan to leading real estate fund manager, Frogmore, for development of new dementia care home in Westminster
OakNorth Bank has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers, to develop a 35-bedroom specialist dementia care home; The development, which secured planning permission In July, is only a short walk from Bayswater underground station and Hyde Park; Frogmore’s first care home project, Chelsea Court Place, is at […]
Healthcare
OakNorth Bank provides £2.3m loan to Moorlands Healthcare Limited for the acquisition of a specialist care home in Staffordshire
The finance will be used to acquire Harewood Park Care Home in Cheadle, Staffordshire and add three more rooms, bringing the total to 37; This will be the first acquisition for Moorlands Healthcare Limited, part of the My Choice Healthcare Group, which is aiming to acquire more care homes in the Counties adjoining Staffordshire and […]
Healthcare
OakNorth Bank lends £9.4m to Care Concern Group, a leading dementia care home that operates over 80 sites, to acquire a care home in Birmingham
The finance will be used to acquire the Willowbrook Care Home on Aldridge Road in Birmingham; There is a shortfall of 240 beds within a five mile-radius of the Willowbrook Care Home, none of which provide a similar service. As a result, it experiences 99% occupancy rates; OakNorth Bank has completed several deals with care […]