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OakNorth Bank lends £18.5M to Care Concern Group to support the development of a new care home in Aberdeen
Founded in 1991, the Care Concern Group is a family-run business consisting of 78 care homes specialising in general nursing and dementia care across the UK; The capital from OakNorth Bank will be used to facilitate a sale and leaseback agreement with a leading European fund; The Group continues to experience strong occupancy rates, averaging […]
OakNorth Bank provides £10.6M loan to Nine Points Property to support its buy and build strategy
Nine Points Property acquires care homes, residential properties, and commercial buildings, and refurbishes them into care homes for young adults, family assessment centres, and specialist schools; Headquartered in Hampshire, the business has successfully completed a dozen projects across the UK since its launch four years ago; The capital from OakNorth Bank will be used to […]
OakNorth Bank provides SME housebuilder, Martin Homes, with £2.7M investment facility for new residential development in Brighton
Founded in 2008, Martin Homes specialises in new build and conversion developments within the prime locations of London, Sussex, Surrey and Kent; The capital from OakNorth Bank will refinance a loan which was used to develop a 14-unit residential development in the heart of Brighton; Situated in a prime location on Buckingham Road, the development […]
OakNorth Bank provides Pertwee Estates, the 122-year old family business, with £2.3M investment facility for its new office development in Ipswich
Founded in 1899, Pertwee Estates specialises in developing, managing and investing in both commercial and residential sites across the East of England; The capital from OakNorth Bank will refinance a loan which was used to convert one of Ipswich’s most interesting and historic buildings into a major new office development; Situated in a prime location […]
OakNorth Bank boosts Board with appointment of Carolyn Schuetz as a Non-Executive Director
Schuetz has over 30 years’ industry experience, as well as entrepreneurial experience, having started and scaled her own consultancy business; The business focused on advising senior executives at early stage financial and technology companies in Silicon Valley on strategy, funding and business development; Most recently she was COO for Group Retail Banking and Wealth Management […]
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 […]
