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OakNorth Bank provides £5.5M loan to Thai Square Hotels as the business seeks to expand its portfolio in London
Thai Square Hotels is part of Rossmoregate Group, which is known for its chain of restaurants, Thai Square; The capital from OakNorth Bank will refinance an existing loan on a 4-star hotel within Thai Square’s portfolio, Hotel Indigo London – Tower Hill, which is managed by IHG; It will also support Thai Square Hotels’ future […]
OakNorth Bank provides £5M working capital facility to Bristol-based, Lyons Davidson Solicitors, ahead of new personal injury reform coming into effect
Founded in 1972, Lyons Davidson is a large-scale provider of legal services to the end customers of some of the UK’s largest insurance operators; New government reform of personal injury claims comes in to effect at the end of this month which will likely lead to more consolidation in the market; The loan from OakNorth […]
OakNorth Bank provides £1.7M loan to Lancashire aparthotel which has provided vital accommodation to key workers over the last year
When HY Hotel in Lancashire opened in December 2019, it created 20 new jobs, but when the pandemic hit, the hotel was forced to close to the general public; Rather than having rooms remain empty and unused, the hotel provided heavily discounted rates on apartments to all NHS staff and key workers traveling for work; […]
ASK and OakNorth Bank provide £23.6m loan for St John’s Wood residential project
Real estate funding specialist ASK Partners, “ASK,” and OakNorth Bank, the UK bank for entrepreneurs, by entrepreneurs, have provided a combined development facility of £23.6m secured against a c.10,000 sq ft of prime freehold residential property in St John’s Wood, London. The loan will be used by client, Benjamin Goldkorn, an experienced property developer and […]
OakNorth Bank provides £44.4M loan to Bruntwood SciTech to support development of life sciences infrastructure at Birmingham Health Innovation Campus and specialist office space for the digital tech sector at Innovation Birmingham
Bruntwood SciTech, a 50:50 joint venture between Bruntwood and Legal & General is the UK’s leading property provider dedicated to the growth of the science and tech sector; Bruntwood SciTech specialises in the creation and development of thriving innovation districts, with 9 sector-specialist campuses across the UK; The capital from OakNorth Bank will support the […]
OakNorth Bank strengthens its lending teams across the UK with new hires in the North West, Yorkshire and East Anglia
In 2020, the Bank lent £1.1B to the Missing Middle[1], supporting hundreds of businesses and helping to create and protect thousands of jobs; The new hires will see Dan Hewitt (formerly of Virgin Money) join Martin Williams in East Anglia, Tom Jessop (formerly of AIB) join the Debt Finance team in Manchester, and Matthew Gudgeon […]
