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OakNorth Bank completes £4.8m loan to private equity-backed boutique hotel brand, House of Gods, to open new hotels in Manchester and Glasgow
Founded by brothers Mike and Ross Baxter in September 2019, House of Gods Hotel in Edinburgh was named Sunday Times Best Hotel in Scotland 2020[1]; In February 2021 the business secured a £5m investment from IMBIBA, the specialist operator-led leisure and hospitality sector investor, to expand the brand; This, coupled with the capital from OakNorth […]
OakNorth Bank provides £4.2M loan to family-run SME housebuilder, GR33N Homes, to build 31 new homes in South Yorkshire
The capital from OakNorth Bank will be used to develop 31 new homes, including 11 affordable homes, in the popular village of Walkeringham, near Doncaster; Gr33n Homes’ team has c.20 years’ experience in property development, and have self-built 10 schemes to date, including projects with over 100 units; Demand for rural properties continues to surge[1] […]
OakNorth Bank completes £2.1M loan to East-Midlands-based, family run housebuilder for new residential scheme in Ranskill, Nottinghamshire
Rose & Co Developments was established in 2014 to develop high quality homes throughout popular rural areas of South Yorkshire and Nottinghamshire; The capital from OakNorth Bank will be used to develop 10 new homes in the picturesque village and civil parish of Ranskill, Nottinghamshire; OakNorth Bank continues to support SME housebuilders who are trying […]
OakNorth Bank provides bespoke debt finance facility to Bain Capital Credit and Orka to acquire Park Lane Mews Hotel and residential units in Mayfair
The capital will be used to acquire and refurbish the 72-room Park Lane Mews Hotel and 17 adjacent residential units in the heart of Mayfair; The refurbishment and repositioning of the hotel and residential units will transform the historic establishment, which is a stone’s throw from Hyde Park, into a unique hotel offering; UK hotel […]
OakNorth Bank provides £9M loan to fund the acquisition and refurbishment of a 4-star hotel in Warwick, West Midlands
The hotel is currently operated as the M40J15 Warwick Hotel, but will rebrand in September as Delta by Marriott hotel; It will be managed by Countrywide Hotels, a hotel management and consultancy business which manages c.30 hotels across the UK; Given its proximity to Stratford-upon-Avon, Warwick Castle and Birmingham Airport, as well as its broad […]
OakNorth Bank completes £7.5M loan for the development of a major new luxury care home in Beverley, East Yorkshire
Springfield Healthcare is a family-owned business providing exceptional care in the heart of communities across Yorkshire. It is backed by the Business Growth Fund (BGF); The capital from OakNorth Bank will be used to develop a luxury care home with 79 en-suite care rooms, six care home apartments, and seven retirement flats for sale; The […]
