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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 […]
OakNorth Bank completes a £1.2m loan to Oakwood Real Estate to convert offices by Birmingham New Street station into 38 new homes
Oakwood Real Estate is a property investment and development company which has been funding real estate investments and developing projects throughout the UK for over 20 years; According to research from Knight Frank[1], the latest local plan for Birmingham identifies a need for a further 2,500 homes a year in order to meet demand. OakNorth […]
OakNorth Bank completes bespoke facility for the acquisition and redevelopment of the Grade II-listed Dumbleton Hall Hotel in the Cotswolds
Built in the mid-1800’s as a classic stately home, Dumbleton Hall became a hotel post WWII, offering 39 rooms, a wide variety of event spaces and 19 acres of gardens, woodland and lake; The project is being led by the team behind Chatham Park Development, a US based property developer; The redevelopment will see the […]
Despite the ongoing challenges of COVID-19, OakNorth Bank lent £1.1B to the Missing Middle in 2020 and saw pre-tax profits increase to £78M
Since its launch in September 2015, OakNorth Bank has lent over £5.1B to the Missing Middle[1], directly helping with the creation of over 22,500 new jobs and more than 17,600 new homes (the significant majority of which are affordable and social housing)[2]; In 2020, the Bank lent £1.1B to the Missing Middle, supporting hundreds of […]
OakNorth Bank provides £25.4m loan to Scarborough Group International for the development of a major new office building at Thorpe Park Leeds
Founded by the McCabe family in 1980, Scarborough Group International (SGI) has grown from a UK-based real estate developer and investor into a global organisation with an award-winning portfolio of projects; Due to Thorpe Park, Leeds’ community resources and proximity to Leeds city centre, the team has already secured a 15-year lease agreement with Lowell, […]
OakNorth Bank completes £4m loan to Cheshire-based financial advisory firm, Cullen Wealth, to support a management buy-out
Founded in March 1998 by Richard Cullen, Cullen Wealth provides investments, pensions and tax planning services to both individuals and businesses; With over 3,000 clients and assets under management (AUM) exceeding £1bn, the firm is one of the largest independently-owned financial advisory firms in the UK; Cullen Wealth’s client investments continue to show resilient performance […]
