Real Estate
OakNorth provides $21m note-on-note facility to Oak Funding to support new mixed-use scheme in South Bronx, New York
Co-founded in 2022 by Jeremy Levart and Mark Meisner, Oak Funding is a New Jersey-based real estate lending platform; The $21m note-on-note loan from OakNorth will be used to support the development of an eight-story, mixed use scheme in Crotona Park, South Bronx; Crotona Park’s residential population and renter occupancy levels continue to grow, highlighting […]
Real Estate
Private real estate investor, GoodHomes, to develop new 13-storey multifamily scheme in Silver Spring, Maryland, following a $14.7m loan from OakNorth
Headquartered in New York, NY, GoodHomes Communities is a vertically integrated, private real estate investment company specializing in acquiring well-located, under-performing assets and converting them into residential units; With decades of experience in construction, design, management, and development, the firm has delivered over 5k homes, with total assets exceeding $5bn; The $14.7m loan from OakNorth […]
Real Estate
OakNorth provides $79m of new funding to New York-based lending platform, S3 Capital
Founded in 2013 by Joshua Crane and Robert Schwartz, S3 Capital is a New York-based lending platform and the private lending arm of Spruce Capital Partners; Specializing in small balance loans under $20m and large balance loans up to $300m, S3 Capital has successfully lent over $6.5b across 700+ transactions to date; The $79m of […]
Real Estate
OakNorth lends $20m to joint venture between Sabal Investment Holdings and 12 North Capital to support their acquisition of three purpose-built Class A memory care facilities
Founded in 2009, Sabal Investment Holdings is a real estate investment manager headquartered in Irvine, California and serving institutional investors across the U.S.; Headquartered in Los Angeles, 12 North Capital is a premier senior housing investment firm, dedicated to creating supportive communities for aging populations; The $20m loan will fund the acquisition of a non-performing […]
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 […]