OakNorth provides £25m loan to fast-growing property lending firm, Blue Shield Capital, to fund new real estate bridging loans
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an initial £25m loan to Blue Shield Capital, a fast-growing property lending firm committed to simplifying bridge lending.
Launched in 2020, by co-founders Gil Ulrich and Jonathan Hitter, Blue Shield primarily underwrites senior bridging loans backed by UK real estate, with a focus on prime UK cities and secondary suburban locations. Gil has extensive experience, encompassing the successful management of large-scale projects, ranging from technology initiatives to international investments whilst Jonathan has a background in real estate finance most notably in the non-performing loan space. They were joined in 2023 by Stephen Benson as a Partner. Stephen has nearly three decades of real estate experience, including establishing a pan-European asset and investment management business and acquiring a portfolio exceeding €5 billion in loans across diverse global regions. Led by Gil, Jonathan and Stephen, the team at Blue Shield are highly experienced and follow stringent and detailed credit, underwriting, KYC, and portfolio monitoring policies. The combination of its excellent management team and strong credit track record across a variety of loans, attracted investment from the renowned Wynn Group, who became a major shareholder in Blue Shield, last year.
About Blue Shield Capital: Launched in 2020 in London, Blue Shield Capital is a fast-growing property lending firm committed to simplifying bridge lending. Led by highly-experienced finance professionals and real estate developers, Blue Shield strives to provide highly flexible financing solutions for property owners and investors in an extremely efficient and transparent manner.
They have established new benchmarks in customer satisfaction within a short period, driven by their quick turnaround, creative mindset, borrower-centric, and transaction-oriented approach. Their on-balance sheet lending capacity enables them to move fast while providing the necessary flexibility to meet your financial demands. In 2023, the Wynn Group, an international real estate conglomerate, became a major shareholder in Blue Shield Capital. This provides an opportunity for Blue Shield Capital to substantially grow their portfolio.