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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 […]
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 […]
