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OakNorth Bank extends loan facilities to Staycity Group to support its growth as it looks to expand to 18,000 apartments by 2028
Founded in 2004, Staycity is an Irish-owned pan European aparthotel business with 5,304 keys across 32 locations in 15 cities; OakNorth Bank provided a £30m loan – £15m of which was through CLBILS – to the business in 2020 to help it through COVID and support its expansion plans; This transaction sees the £15m CLBILS […]
OakNorth Bank completes transaction with Nottinghamshire-based plumbing, heating and electrical services contractor following a management buyout
The loan is to FDBC Holdings, part of Neil Shacklocks, and will support the business’ future growth plans, following a management buy-out in June 2020; Neil Shacklocks undertakes plumbing, heating and electrical installations throughout the East Midlands and South Yorkshire; Servicing residential new build developments, social housing refurbishments and commercial projects, the business has built […]
OakNorth Bank boosts Board with the appointment of accomplished entrepreneur and founder of Gousto, Timo Boldt
OakNorth Bank – the UK bank for entrepreneurs by entrepreneurs – today announces the further strengthening of its Board of Directors with the appointment of Timo Boldt as a Non-Executive Director. Timo Boldt is the Founder and CEO of Gousto, which pioneered the recipe box offering in the UK when it was established in April […]
OakNorth Bank provides a £4.2M loan to My Choice Healthcare to acquire two family-run care homes in Swansea
The borrower is a subsidiary of the My Choice Healthcare Group, which also includes existing OakNorth customer, Moorlands Healthcare; The Group’s management team has a combined 30+ years of experience working in the health and social care industry and running care homes; The capital from OakNorth Bank will be used to refinance existing debt and […]
ASK and OakNorth Bank co-lend £44.5M for Sheen Lane Development’s acquisition of Richmond’s former House of Fraser
Real estate funding specialist ASK Partners (“ASK”) and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a £44.5m senior development and acquisition loan to privately owned property development company Sheen Lane Developments, to fund the acquisition and refurbishment of a former department store. The acquired 0.5-acre site located in the well-connected, affluent […]
OakNorth Bank lends £15M to leading hotel family business, JMK Group, for freehold buyout of two London hotels and upgrades to an existing hotel
JMK group is a family-run, privately owned hospitality group founded in 2009, which started as a small boutique hotel in Kensington; Since then, the Group’s portfolio has grown into a portfolio of hotels, properties, and coffee houses across London and Ireland; The capital from OakNorth Bank will fund the freehold buyout of two hotels and […]
