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OakNorth boosts Board with appointment of seasoned technology executive and product pioneer, Nilan Peiris
Nilan is Chief Product Officer at Wise where he has spent over a decade helping to scale the company globally LONDON, Monday 2nd September, 2024: OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces the further strengthening of its Board of Directors with the appointment, effective from today, of Nilan Peiris as […]
US regulators grant OakNorth authorisation for Representative Office
OakNorth has lent c.$600m to lower mid-market businesses in the US last year London, UK, Tuesday 27th August 2024; OakNorth – the digital bank for entrepreneurs, by entrepreneurs – today announces that it has secured authorisation from the Federal Reserve and the New York State Department of Financial Services (NYDFS) for a Representative Office in […]
OakNorth completes £6m loan to fund the development of 19 industrial logistics units and a wellness centre in West Sussex
The borrower, Gatehouse Hub Ltd, is a subsidiary of Bedford Park Developments; Incorporated in 2006, Bedford Park Developments is an experienced developer having successfully delivered numerous residential and commercial schemes; The site, located on the outskirts of Burgess Hill, has direct links with the A273 dual carriageway link road and A23, providing swift access to […]
OakNorth provides bespoke funding package to the UK’s leading premium nursery brand, Mamas & Papas, to support future growth
Founded in 1981 by David and Luisa Scacchetti, Mamas & Papas is a designer, wholesaler, and retailer of nursery and baby products; Headquartered in Huddersfield, West Yorkshire, the business is now the largest nursery brand in the UK, operating over 60 stores and concessions across the country; The business was acquired in 2014 by private […]
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 […]
OakNorth and ASK complete £30.8m co-loan to Vabel as it acquires landmark second site on Queensway
Founded in 2009, Vabel has completed over 300 homes across London, ranging from one-off residences to new build multi-unit developments; The £30.8m co-loan from OakNorth and ASK will enable Vabel to acquire Queesnway Parade, an L-shaped property that runs across Queensway, Porchester Gardens, and Inverness Terrace. OakNorth – the digital bank for entrepreneurs by entrepreneurs, […]
