Healthcare

Healthcare

OakNorth Bank completes Β£12m loan to leading real estate fund manager Frogmore for creation of new dementia care home in Bayswater

Thursday April 4th, 2019

OakNorth has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers; The finance will be used to acquire a four-storey serviced apartment block and submit planning permission to convert it into a 35-bedroom care home focusing on providing accommodation for those suffering from Dementia; The area, typified by large Georgian […]

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Healthcare

OakNorth Bank completes Β£2.4m loan to Sire Properties to acquire a long-standing care home in Hampshire

Tuesday March 12th, 2019

The finance will be used to acquire Old Raven House, a grade II listed detached care home registered with the Care Quality Commission; The site consists of 29 bedrooms but has planning permission to add a further nine bedrooms to take total capacity to 45 residents; The care home has been 100 percent occupied for […]

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