Real Estate
OakNorth completes $25.5m loan to support the development of a Class A 11-story, multifamily-led site in Brooklyn, NY
The $25.5m loan from OakNorth will support the ground-up development of a Class A 11-storey, multifamily scheme in Brooklyn, NY; Offering 87-units and 4.5k sq. ft of ground floor retail space, the site is located in the popular East New York submarket and benefits from strong transit connectivity; The development will include a mix of […]
Real Estate
OakNorth provides £7.5m loan to support the expansion of Royal Elizabeth Yard for purpose-built whisky maturation facilities near South Queensferry
Formerly a World War II naval storage depot, the 50-acre Royal Elizabeth Yard has consent to become Scotland’s largest independent bonded warehousing facility; Located less than seven miles from Edinburgh city centre, the site’s capacity exists to mature more than 1.1m casks in a fully managed facility operating at net zero emissions; The £7.5m loan […]
Real Estate
Oak Funding originates $78 million co-loan with OakNorth to support Bushburg’s acquisition and conversion of 100 William Street
Bushburg is a vertically integrated real estate investment, development and management firm investing in transformative and opportunistic projects; With approximately $4.0 billion of assets under management (AUM), the firm focuses on unlocking long-term value by transforming underutilised assets and repositioning them for their highest and best use in today’s market; The $78m co-loan was used […]
Real Estate
Good REIT Ltd to develop major new purpose-built bus depot at Scarborough Business Park, following £4.1m loan from OakNorth
Founded in 2015 and headquartered in Matlock, Derbyshire, Good REIT Ltd is a privately owned property developer and investor; The £4.1m loan from OakNorth will support the development of a new 139k sq. ft bus depot at the 85-acre Scarborough Business Park; Comprising of 80 parking bays, an ancillary workshop and large office space, the […]
Real Estate
OakNorth completes £8.3m loan to Aberdeen-based, property developer, Ardent Group, to support the development of new luxury holiday accommodation in Fife
Founded in 2001, Ardent Group is an Aberdeen-based property developer, specialising in the development of commercial and residential assets across Scotland and Ireland; The £8.3m loan from OakNorth will support the development of 21 new luxury holiday lodges on the outskirts of St Andrews, Fife; Located less than two miles from St Andrews, the site […]