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Despite the ongoing impact of COVID-19, OakNorth Bank continues to see strong lending opportunities, approving £50m in new loans since lockdown began and £36m in CBILS loans
Since the UK went into lockdown, OakNorth Bank has approved £50m in new loans to fund a hotel refurbishment, an acquisition of 131 retirement units across the UK, and a fund buy-out; In addition to this, OakNorth Bank has approved over £36m of loans through the government’s Coronavirus Business Interruption Loan Scheme (CBILS) since being […]
OakNorth Bank lends £3.7m to Signet Hotel Group for the refurbishment of Grade II-listed, Mitre Hotel, at Hampton Court
Having acquired The Mitre Hotel in January 2020, Signet Hotel Group has secured a loan from OakNorth Bank to refurbish the 36-bedroom hotel and upgrade it from a 3 to a 5-star establishment; The hotel, which is due to re-open in September, has a 60-cover riverside restaurant, a 70-cover brasserie and bar, a 80-cover Orangery, […]
OakNorth Bank completes £15m loan to Waverstone LLP to support purchase of 135 new retirement apartments across the UK
Capital from OakNorth Bank has supported the portfolio purchase of 135 retirement apartments across the UK by Waverstone LLP, a jointly owned entity between Waverley Investments Limited and McCarthy & Stone Extra Care Living Limited; The apartments have been purchased from McCarthy & Stone, the UK’s leading developer and manager of retirement communities, who will […]
OakNorth Bank completes its first ever fund buy-out deal to FORE Partnership to support the buy-out of a minority shareholder
OakNorth Bank has supported FORE Partnership’s buy-out of Edmond de Rothschild Real Estate Investment Management’s 32% minority interest in the business; The buy-out provides FORE with increased independence and agility to navigate the current uncertain market conditions, and to pursue its signature approach to real estate investment; This transaction is the first fund buy-out OakNorth […]
OakNorth Bank helps support British businesses through the Covid-19 crisis, approving over £36m of new loans in the last two weeks
British businesses are in desperate need of capital to see them through the Covid-19 crisis, but many are struggling to obtain the debt finance they need from their clearing bank as quickly as they need it; OakNorth Bank has applied to join CBILS and is awaiting accreditation from the British Business Bank; In the meantime, […]
OakNorth Bank sees pre-tax profits jump 95% in 2019 to £65.9m and becomes one of the first banks globally to achieve net carbon zero
In just four years since launch, OakNorth Bank has become Europe’s fastest-growing company[1] and ranks amongst the top 1% of banks globally in terms of performance[2]; Using the OakNorth platform, the Bank has profitably lent over £4bn to British businesses since its launch in September 2015, and attracted deposits from 144,000 savers; Its loans have […]
