Real Estate
New York-based commercial real estate lender, EquityMultiple, provided acquisition financing for a Class A office-led site, following $21m note-on-note loan from OakNorth
OakNorth, the leading digital bank for entrepreneurs, by entrepreneurs, has provided an $21m note-on-note facility to New York-based real estate investment firm and lender, EquityMultiple.
Hospitality
Ancoats Manchester secures £15.7m from OakNorth to deliver new Hilton Motto Hotel in Manchester
Ancoats Manchester has secured a £15.7m development and trading facility from OakNorth to deliver a 154-key Motto by Hilton hotel in Manchester city centre; The hotel will be one of the first Motto-branded properties in the UK, targeting modern, urban travellers with flexible room formats and a tech-enabled guest experience; The project is backed by […]
Real Estate
OakNorth provides $26m note-on-note facility to SME Capital Ventures to support major new residential scheme in Chelsea, Manhattan
Founded in 2012, SME Capital Ventures is a New York-based private investment firm that manages capital for high-net-worth individuals and institutions; Since inception, the firm has maintained a detail-oriented approach to underwriting, using a combination of fundamental and technical analysis to identify discounted and deep-value acquisition opportunities; The $26m note-on-note loan from OakNorth will be […]
Real Estate
Virginia-based real estate investor, Rooney Properties, to acquire Class A commercial office building in Arlington, following $15.5m loan from OakNorth
Established in 2013, Rooney Properties is a privately held real estate development company located in Arlington, Virginia; Its team have extensive experience underwriting, acquiring, entitling and developing commercial real estate across the Washington DC metro area; The $15.5m loan from OakNorth will be used to support the acquisition of a nine-story, 197k sq. ft Class […]
Real Estate
Capilon Hotels Group to renovate The Edwin Hotel in Earls Court, following £13m co-loan from OakNorth and ASK Partners
Founded in 2004, Capilon Hotels Group (“Capilon”) is a property development and management business focussing on central London hotels; To date, the group has operated and developed 11 hotels across London, including The Blandford Hotel in Marylebone and The Judd Hotel in Bloomsbury; The £13m co-loan will be used to refinance existing debt and complete […]
Real Estate
OakNorth backs joint venture between Valpre Capital and CKC Properties, with £16.1m loan to fund the acquisition of a major new student accommodation site in Elephant and Castle
Founded in 2018, Valpre Capital is a London-based investment firm focused on sourcing, structuring and seeding select real estate and private equity investments; CKC Properties is a privately owned developer built on a foundation of specialist skills and experience within the construction and real estate industry; The £16.1m loan from OakNorth will be used to […]