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 […]
Real Estate
OakNorth Bank completes £15m loan to Waverstone LLP to support purchase of 135 new retirement apartments across the UK
Capital from OakNorth Bank has supported the portfolio purchase of 135 retirement apartments across the UK by Waverstone LLP, a jointly owned entity between Waverley Investments Limited and McCarthy & Stone Extra Care Living Limited; The apartments have been purchased from McCarthy & Stone, the UK’s leading developer and manager of retirement communities, who will […]
Real Estate
OakNorth Bank completes £50m transaction with returning client Hayfield to accelerate growth ambitions to 500 homes per annum
Solihull-headquartered Hayfield, one of the UK’s leading housebuilders, providing a range of properties to suit all tastes and requirements; The bespoke £50m debt finance package from OakNorth Bank will be used to accelerate growth, enabling the three year-old housebuilder to deliver 500 homes per annum over the next 36 months; Previous loans from OakNorth Bank […]
Real Estate
OakNorth Bank completes £4.4m loan to promoters of long-established Indian property developer, Kolte-Patil, for two major developments in Surrey and Greenwich
Founded in 1991, Kolte-Patil Developers Limited has over 25 years’ experience in property development, having delivered 15m sq.ft. of projects across Pune, Mumbai and Bengaluru; These will be Kolte Patil Limited’s (company is wholly owned by Kolte-Patil Family Office) first developments in the UK; The bespoke £4.4m facility from OakNorth Bank will be used to […]
Real Estate
OakNorth Bank provides £2.3m loan to leading property investment firm Riverside Capital for major new office space in Hoxton, London
Founded in 2010, Riverside Capital provides a platform for professional investors and intermediaries to access and invest in the UK commercial property market; The finance will be used to acquire and redevelop a large, two-story office space in Hoxton, with permission in place for a further extension; The site sits along Mundy St, on the edge […]