Healthcare
OakNorth Bank provides a £4.2M loan to My Choice Healthcare to acquire two family-run care homes in Swansea
The borrower is a subsidiary of the My Choice Healthcare Group, which also includes existing OakNorth customer, Moorlands Healthcare; The Group’s management team has a combined 30+ years of experience working in the health and social care industry and running care homes; The capital from OakNorth Bank will be used to refinance existing debt and […]
Healthcare
OakNorth Bank completes £760k loan to Nightingale Healthcare Group to support the acquisition of a domiciliary care business
Since 2006, the domiciliary care business has provided care-at-home with a focus on the local BAME (Black, Asian and Minority ethnic) community, in particular Hindus, Sikhs and Muslims; Care is delivered by staff who can speak the same languages and cook appropriate meals whilst understanding sensitive cultural and religious requirements and needs; The acquirer, Nightingale […]
Healthcare
OakNorth Bank completes £40M loan to a social impact investment group that are offering innovative solutions to tackle the social housing and care crisis
The loan is to Grosvenor Hill, a newly formed social impact group led by the team behind Mountain Capital & MLX Capital, who have a long-standing track record of delivering high-quality real estate projects across the UK; Grosvenor Hill are a real estate and investment group that uniquely designs and develops projects in partnership with […]
Healthcare
OakNorth Bank completes £531K loan to Sincere Homes for new supported living development in the West Midlands
The capital will fund the development of a four-bedroomed supported living home in Willenhall, part of the Metropolitan Borough of Walsall; Sincere Homes is a partner with the Midway Care Group, which was founded in 2006 by Matthew Harrison and provides services for people with learning disabilities; Having now developed 15 schemes for Midway Care […]
Healthcare
OakNorth Bank completes £20.2M loan to Park Lane Healthcare for new luxurious sustainable care village near Pocklington, East Yorkshire
Founded in 2005, the award-winning Park Lane Healthcare is a family-owned care business providing exceptional care for the elderly across North and East Yorkshire; The new site, named Lavender Fields Care Village, is situated three miles from the popular market town of Pocklington and will compromise of a 72 bed care home and 24 close-care […]
Healthcare
OakNorth Bank lends £18.5M to Care Concern Group to support the development of a new care home in Aberdeen
Founded in 1991, the Care Concern Group is a family-run business consisting of 78 care homes specialising in general nursing and dementia care across the UK; The capital from OakNorth Bank will be used to facilitate a sale and leaseback agreement with a leading European fund; The Group continues to experience strong occupancy rates, averaging […]