Real Estate
OakNorth Bank completes £1.63m CBILS loan to Yellow Tree Capital to support the sale of a new residential scheme in Tunbridge Wells
The £1.63m marketing bridge facility is to Yellow Tree Capital, a bespoke property finance firm specialising in investment lending throughout London and the South East; The loan will be used to refinance existing debt and allow time for the sale of Nevill View – a residential scheme consisting of four houses in Tunbridge Wells; Since […]
Real Estate
OakNorth Bank completes £930k CBILS loan to support the sale of residential barn conversions in Surrey
The £930k marketing bridge facility is to Real Estate Bonding Limited, a property development business founded by brothers, Nigel and Simon Heilpern; The loan will be used to refinance existing debt and allow time for the sale of two semi-detached barn conversions with purchase contracts in a village near Guildford, Surrey; The transaction was completed […]
Real Estate
OakNorth Bank completes £6.5m property investment and partial CBILS loan for newly fitted-out office building in the heart of Soho
The capital will be used to refinance 10,688 sq.ft. of recently refurbished office and retail space at 82-84 Berwick Street; £5m of the capital has been provided under the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), while the remaining £1.5m is non-CBILs and will enable the borrower to purchase other properties to build […]
Hospitality
OakNorth Bank completes £50m loan to Arora Group, the leading property and hospitality business founded by prominent businessman, Surinder Arora
Founded in 1999 by British Indian businessman, Surinder Arora, the Arora Group is a successful UK-focused private group of companies specialising in property investment, construction and hotels; It currently has a portfolio of 30 properties across the UK, including the InterContinental at The O2, Fairmont Windsor Park, and more than a dozen hotels across Heathrow, […]
Real Estate
OakNorth Bank completes £2.3m loan to leading Norfolk residential developer Dewing Properties
The capital, allocated through the government’s Coronavirus Business Interruption Loan Scheme (CBILS), will be used to part refinance an existing shareholder loan from sister company and release liquidity to the wider business; Dewing Properties recently completed a major residential development consisting of 44 homes, including eight affordable units, in the popular Norfolk coastal town of […]
Real Estate
OakNorth Bank partners with Opes Financial Partners, an independent mortgage broker, to completes a £32.7m loan for the acquisition of four properties in North East London
The capital will be used to facilitate the refinancing of one property and the acquisition of three further properties, comprised of residential and commercial which includes social housing and office space across two adjacent neighbourhoods in North East London; The four properties consist of 18 houses, 62 apartments (of which five apartments are for social […]