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 […]
Hospitality
OakNorth completes £1.47m loan for development of a Starbucks drive-thru and two EV charging points in established Greater Manchester retail park
The borrowing entity, Fairmilehead Ltd, is owned and led by Dallas Rhodes, who has over 30 years’ experience in the property industry, across retail, office, and residential; The site, Parsonage Way, is an established retail park in Leigh, Greater Manchester with neighbouring retailers including Greggs, Halfords, Costa, Sainsburys, TK Maxx and KFC; Starbucks has a […]
Real Estate
Self-storage provider, STOREX, to expand portfolio across Greater London, following £30.2m loan from OakNorth
Created by global investment manager, EQT Exeter, STOREX provides premium sustainable self-storage sites across Greater London; The £30.2m loan from OakNorth will be used to develop and operate two new self-storage sites in Sunbury, Surrey and Cricklewood, London Borough of Brent; Demand for self-storage units is rising with operator revenues rising 6.5% to £990m, as […]
Real Estate
OakNorth backs new joint venture between Dukesmead Property Group, Kyte Property and Grosvenor Hill, with £2.25m loan to fund maiden supported living scheme
Founded in 2019, Dukesmead Property Group specialises in acquiring sites to develop state-of-the-art care homes, senior living and assisted living units; Kyte Property is a London based property development company that specialises in creating unique boutique living spaces; Managed by Abel Leaman and Dion Michael, Grosvenor Hill is a real estate investment and development group […]
Childcare & Education
OakNorth provides bespoke loan for major new purpose-built student accommodation development next to the University of Nottingham
The loan is to an SPV managed by OMNI Developments, an experienced Developer who specialises in student accommodation and high-end residential development; The capital will be used to develop a new six-storey, 222-bedroom purpose-built student accommodation (PBSA); Situated opposite the University of Nottingham’s Jubilee Campus, the site will offer a unique combination of large rooms […]