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OakNorth Bank completes £26.3m loan to leading real estate fund manager, Frogmore, for development of new dementia care home in Westminster
OakNorth Bank has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers, to develop a 35-bedroom specialist dementia care home; The development, which secured planning permission In July, is only a short walk from Bayswater underground station and Hyde Park; Frogmore’s first care home project, Chelsea Court Place, is at […]
OakNorth Bank completes £30m loan to Staycity
Staycity’s fast-expanding estate includes properties in Berlin, Birmingham, Dublin, Edinburgh, Liverpool, London, Lyon, Manchester, Marseille, Paris, Paris Marne-la-Vallée (near Disneyland Paris), Venice Mestre, and York; In 2019, Staycity’s turnover grew 14% to €78m, with EBITDA rising around 11% with like-for-like occupancy of 87% and the company’s strongest ever guest satisfaction scores; Until the coronavirus pandemic […]
OakNorth Bank and ASK Partners complete a £6.35m loan for new 112-bed Purpose Built Student Accommodation in Falmouth, Cornwall
Real estate finance specialist ASK Partners has provided funding to Hydrogen Falmouth, the student living arm of a leading property investment and development company, alongside a Coronavirus Business Interruption Loan (CBIL) from OakNorth Bank; The finance will be used to develop a new five-storey, 112-bedroom Purpose Built Student Accommodation (PBSA) within Falmouth’s town centre; HMO […]
OakNorth Bank completes £7m partial CBILS loan to support the sale of 21 homes in Weybridge, Surrey
The £7m marketing bridge facility (£5m CBILS and £2m non-CBILS) will be used to refinance existing debt and allow time for the sale of 21 residential units in Surrey; The residential units form part of a 5-storey mixed-use scheme, comprising of 46 flats and two retail units on the ground floor; The site, located on […]
OakNorth Bank completes £6.55m property development facility and partial CBILS loan for new luxury residential units in Hampstead
The capital will be used to develop six new luxury residential units in Hampstead; £5m of the capital has been provided under the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), while the remaining £1.55m is non-CBILS; According to the latest analysis from Savills, demand for homes with more indoor living space as well […]
OakNorth Bank completes £5.5m property investment to Manchester-based real estate company for new rural housing development in Lancashire
With a property portfolio spanning more than 100 locations nationwide, Hurstwood Holdings is a leading privately owned commercial and real estate company with over £160m of assets; The capital from OakNorth Bank will be used to develop 30 new homes across a 2.5-acre site in Rossendale, Lancashire; The site boasts excellent transport links, with Manchester, […]
