Real Estate
Saxon Trust secures new £35m funding line from OakNorth
Saxon Trust, the London based specialist bridging and development lender, has significantly expanded its funding capability with a new £35m funding facility from OakNorth, the neobank for entrepreneurs, by entrepreneurs. As traditional lenders increasingly pull back from the mid-market space, Saxon Trust believe this additional wholesale funding will enable them to capture additional market share. […]
Real Estate
OakNorth Bank and ASK co-lend £62m to leading investment firm for 133 apartments in new Canary Wharf tower
OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs and real estate funding specialist, ASK Partners (“ASK”) have provided a 36-month, £62m senior loan to a leading global alternative investment firm, secured against 133 apartments in a recently completed new-build, 53-storey residential tower in Canary Wharf, London. The acquired apartments are part of the 182 […]
Real Estate
Kings Crescent Homes to develop major new Build-to-Rent scheme in Ashford, Kent, following £34.9m loan from OakNorth Bank
Run by Nick Harvey-Jones, Kings Crescent Homes is an integrated property development business with a combined experience of over 40 years; Headquartered in London, Kings Crescent Homes specialises in delivering large-scale projects, including all main elements of construction; The £34.9m capital from OakNorth will support Kings Crescent Homes’ major residential scheme in Ashford, Kent, comprising […]
Real Estate
OakNorth Bank provides £4.7m loan to newly launched and private equity-backed SME housebuilder, honey, for its maiden residential scheme
Founded in October 2022 by former Avant Homes CEO, Mark Mitchell, honey builds homes which combine style, substance and sustainability; Located in its newly opened Sheffield city-centre HQ, honey has initially agreed to acquire two new developments in South Yorkshire and Derbyshire, set to deliver over 141 homes; The recently launched SME housebuilder is backed […]
Real Estate
OakNorth Bank and ASK co-lend £41.5m to support Tailored Living Solutions’ Great Suffolk Yard Grade A office development in Southwark, London
Founded in 2012, Tailored Living Solutions specialise in creating bespoke new-build homes and commercial, co-working spaces across London; Located in London’s popular Borough area, Great Suffolk Yard offers c.65,000 sq. ft of BREEAM excellent, new office space across six floors, as well as a private courtyard and four roof terraces; The site is only a five-minute walk […]
Real Estate
OakNorth Bank provides a bespoke loan for a purpose-built student accommodation development in Lincoln
The bespoke loan is to a joint venture between Harrison Street and Torsion Developments; The capital is for a 361-bedroom purpose-built student accommodation (PBSA) called Pine Mill in Lincoln, UK; Located a c.12-minute walk from the University of Lincoln’s main campus and a c.20-minute walk from Lincoln City Centre, the accommodation has managed to achieve […]