OakNorth has lent £40m to Earlsriver Ltd – a joint venture between experienced property developers, Chris Mason and Raj Sond, and Orlandis Capital; RS Property Finance provided a further £4.4m of debt, whilst Orlandis has invested £16m of equity – totalling £60m; The capital will be used to develop 129 homes (including 24 affordable units) […]
OakNorth has completed an £8.6m loan to the 50:50 joint venture between Galliard Homes and Apsley House Capital; The developers hope to use the finance to convert a vacant 254,400 sq.ft. site into a major new mixed-use development; Birmingham needs to develop over 4,000 new homes a year to keep up with demand, but is […]
OakNorth, has completed a £2m loan to Pocket Living to boost the number of affordable homes in London; Pocket Living works with over half of London Boroughs and is set to deliver over 1,000 affordable homes over the next three years; According to a Strategic Housing Market Assessment, London needs approx. 66,000 new homes to […]
OakNorth has completed a £20.7m loan to Fortis Group, one of the UK’s fastest growing development companies; The finance will be used to develop hundreds of new homes in Manchester – minutes from Salford Central station – as well as two retail units; All the units have already been pre-sold to individual buyers; Manchester is […]
Mabec will use the finance from OakNorth to develop two major student accommodation sites – one in Nottingham and one in Sheffield; The site in Sheffield will be developed at the former Sheffield Star Building which was home of the iconic local newspaper for several decades. The building will have 259 student bedrooms; In Nottingham, […]
Kexgill will use the finance from OakNorth for the acquisition and refurbishment of 91 houses which will provide 436 students with accommodation; Kexgill already owns and operates 100 houses (around 500 bedrooms) at the university which have been 95% forward let for the 2018/19 academic year; Demand for student housing in Hull is approx. 7,000 […]