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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 […]
OakNorth Bank provides £50M loan to support Brigid Investments in financing McCarthy Stone’s UK retirement living rental portfolio
Brigid Investments Limited (Brigid Investments) is a special purpose vehicle formed by John Laing and Macquarie Capital who are both 50 per cent shareholders; The newly built and fully occupied rental units will continue to be operated by McCarthy Stone, the leading developer and manager of retirement living communities in the UK; The capital will […]
OakNorth Bank to advance the £5m required to complete Side by Side’s new school building
Side by Side is a special needs school and integrated nursery catering to children between the ages of two and 19; In addition to the school and nursery, Side by Side also offers therapy sessions, an afterschool club, extra-curricular activities, and Kodesh (Jewish Studies); The development bridge from OakNorth Bank will be used to assist […]
ASK and OakNorth Bank fund first transaction of FORE and Amicala’s £300m JV to develop ultra-sustainable extra care later living community in Bristol
Real estate funding specialist ASK Partners, “ASK,” and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a combined senior loan facility to support the first acquisition of a new partnership between FORE Partnership and Amicala, that intends to develop up to £300m worth of ultra-sustainable net-zero extra care later living schemes. The […]
