Real Estate
Californian-based investment firm, Faes & Co. to expand US real estate bridging finance business, following loan from OakNorth
SANTA MONICA, California – Faes & Co., an investment firm led by former LendInvest plc founder Christian Faes, has received a loan from OakNorth, the digital bank for entrepreneurs, by entrepreneurs, to expand its US real estate bridging finance business. Faes & Co. is an investment firm that actively builds and invests in technology-enabled direct […]
Real Estate
OakNorth provides £50m of new funding to leading entrepreneurial private equity real estate investor, Paloma Capital
Founded in 2015 by Joe Froud and Jack Pitman, Paloma Capital is a leading entrepreneurial private equity real estate investor; Paloma has raised over £520m of wholly discretionary capital in three value-add funds since its launch; The £50m of new funding from OakNorth, split across two separate transactions, will be deployed within the firm’s Paloma […]
Real Estate
OakNorth completes £1.4m loan to support the acquisition and redevelopment of a vacant residential and office building in Fitzrovia
The borrowing entity, 52 Tottenham St, Fitzrovia Ltd, is owned and led by Parag Sawheny, Founder and Managing Partner of Penn South Capital, and Yoni Karako, Founder and Principal of Courtier Capital and Co-founder and former CEO of Vonder; The £1.4m loan from OakNorth will be used to acquire and redevelop a four-storey site into […]
Real Estate
The CEG Group completes refinancing of eight major office-led sites following £64.5m loan from OakNorth
Founded by Gerard Versteegh in 1989, CEG is a privately owned real estate investor, asset manager and developer; Specialising in the residential, office, industrial and strategic land sectors, the group’s portfolio covers six million sq. ft of land at a valuation of c.£800m; The £64.5m loan from OakNorth will be used to refinance eight major […]
Real Estate
OakNorth provides $25.1m note-on-note facility to Mavik Capital to finance the conversion of vacant hotel in Syracuse, New York into multifamily property
Founded by Vik Uppal, Mavik Capital is a New York-based next-generation, multi-strategy investment firm built to deliver long-term outperformance; With a primary focus on middle-market real estate across the U.S, the firm has deployed over $3b in capital and realized more than 110 investments to date; The $25.1m note-on-note loan from OakNorth will be used […]
Real Estate
OakNorth provides £4.1m loan to Verto, the UK’s leading sustainable housebuilder, for 10 new zero carbon smart homes in Newquay, Cornwall
Founded in 2010 by Tom Carr and Richard Pearce, Verto specialises in designing, building, and selling zero carbon smart homes across the South West; With over 130 homes built to date, Verto recently partnered with Octopus Energy to launch its ‘Zero Bills’ initiative, creating homes with no energy bills; The £4.1m loan from OakNorth will […]