Real Estate
OakNorth Bank completes £1.1m loan to Northumberland-based Birchdove Homes
The loan from OakNorth Bank will be used to refinance existing debt on a residential development located in the affluent market town of Hexham, Northumberland; The development consists of eight houses – three of which have already been sold and another three which are reserved; The surrounding area is characterized by a mixture of residential […]
Real Estate
OakNorth Bank completes £6m property development facility with Redsky Homes for new mixed-use scheme in Ealing
The capital will be used to fund the development of 22 residential units and commercial units in the London Borough of Ealing; The team at Redsky Homes has successfully completed several mixed-use schemes in and around London, including in Farnham Common, Slough and High Wycombe; Zoopla’s latest monthly House Price Index has revealed that annual […]
Real Estate
OakNorth Bank and ASK Partners complete a £6.35m loan for new 112-bed Purpose Built Student Accommodation in Falmouth, Cornwall
Real estate finance specialist ASK Partners has provided funding to Hydrogen Falmouth, the student living arm of a leading property investment and development company, alongside a Coronavirus Business Interruption Loan (CBIL) from OakNorth Bank; The finance will be used to develop a new five-storey, 112-bedroom Purpose Built Student Accommodation (PBSA) within Falmouth’s town centre; HMO […]
Real Estate
OakNorth Bank completes £7m partial CBILS loan to support the sale of 21 homes in Weybridge, Surrey
The £7m marketing bridge facility (£5m CBILS and £2m non-CBILS) will be used to refinance existing debt and allow time for the sale of 21 residential units in Surrey; The residential units form part of a 5-storey mixed-use scheme, comprising of 46 flats and two retail units on the ground floor; The site, located on […]
Real Estate
OakNorth Bank completes £6.55m property development facility and partial CBILS loan for new luxury residential units in Hampstead
The capital will be used to develop six new luxury residential units in Hampstead; £5m of the capital has been provided under the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), while the remaining £1.55m is non-CBILS; According to the latest analysis from Savills, demand for homes with more indoor living space as well […]
Real Estate
OakNorth Bank completes £5.5m property investment to Manchester-based real estate company for new rural housing development in Lancashire
With a property portfolio spanning more than 100 locations nationwide, Hurstwood Holdings is a leading privately owned commercial and real estate company with over £160m of assets; The capital from OakNorth Bank will be used to develop 30 new homes across a 2.5-acre site in Rossendale, Lancashire; The site boasts excellent transport links, with Manchester, […]