Healthcare
OakNorth Bank completes £7.5M loan for the development of a major new luxury care home in Beverley, East Yorkshire
Springfield Healthcare is a family-owned business providing exceptional care in the heart of communities across Yorkshire. It is backed by the Business Growth Fund (BGF); The capital from OakNorth Bank will be used to develop a luxury care home with 79 en-suite care rooms, six care home apartments, and seven retirement flats for sale; The […]
Healthcare
OakNorth Bank provides £50M loan to support Brigid Investments in financing McCarthy Stone’s UK retirement living rental portfolio
Brigid Investments Limited (Brigid Investments) is a special purpose vehicle formed by John Laing and Macquarie Capital who are both 50 per cent shareholders; The newly built and fully occupied rental units will continue to be operated by McCarthy Stone, the leading developer and manager of retirement living communities in the UK; The capital will […]
Healthcare
ASK and OakNorth Bank fund first transaction of FORE and Amicala’s £300m JV to develop ultra-sustainable extra care later living community in Bristol
Real estate funding specialist ASK Partners, “ASK,” and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a combined senior loan facility to support the first acquisition of a new partnership between FORE Partnership and Amicala, that intends to develop up to £300m worth of ultra-sustainable net-zero extra care later living schemes. The […]
Healthcare
ASK and OakNorth Bank provide £23.6m loan for St John’s Wood residential project
Real estate funding specialist ASK Partners, “ASK,” and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a combined development facility of £23.6m secured against a c.10,000 sq ft of prime freehold residential property in St John’s Wood, London. The loan will be used by client, Benjamin Goldkorn, an experienced property developer and […]
Healthcare
OakNorth Bank provides £5.5m loan to family-run property business, Baxter Homes, to support the development of a new residential scheme in Lancashire
The capital from OakNorth Bank will support the development of 19 new homes within Oak Hill Rise, Baxter Homes’ new residential scheme in Garstang; Houses built by small and medium-sized firms has fallen 50% between the 1980’s and 2008[1], as a result of them not being able to access the finance they need to grow; […]
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], […]