OakNorth completes £16.75m loan to family-run Capital Developments Group to support future growth.
OakNorth, the neobank for entrepreneurs, by entrepreneurs, has provided a £16.75m loan to Capital Developments Group, the privately owned property development and investment company.
The £16.75m structured debt facility will be used to provide Capital Developments Group with the financial backing for further expansion securing both new value-add and investment opportunities.
About Capital Developments Group: Capital Developments Group expanded in 2020 and is run by Colin and Jordon Foux. The firm specialises in acquiring residential and commercial property across London and the Home Counties. With over 40 years of experience working within the property industry, Capital Developments Group expertise allows it to enhance and unlock the potential of challenging sites by resolving complex planning and technical issues. The firm’s recent projects include new build housing, flats and mixed-use schemes throughout London and the Home Counties together with various conversion and refurbishment opportunities.