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OakNorth Bank completes £6.5m property investment and partial CBILS loan for newly fitted-out office building in the heart of Soho
The capital will be used to refinance 10,688 sq.ft. of recently refurbished office and retail space at 82-84 Berwick Street; £5m of the capital has been provided under the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), while the remaining £1.5m is non-CBILs and will enable the borrower to purchase other properties to build […]
OakNorth Bank completes £50m loan to Arora Group, the leading property and hospitality business founded by prominent businessman, Surinder Arora
Founded in 1999 by British Indian businessman, Surinder Arora, the Arora Group is a successful UK-focused private group of companies specialising in property investment, construction and hotels; It currently has a portfolio of 30 properties across the UK, including the InterContinental at The O2, Fairmont Windsor Park, and more than a dozen hotels across Heathrow, […]
OakNorth Bank continues growing debt finance team to support businesses in the North, with two new hires in Manchester
It’s been a year since OakNorth Bank set up a debt finance team in Manchester with just two team members, but since then, the team has grown to six people; The latest additions to the team are Paul Atherton who joins from Ballard Evans Corporate Finance Boutique, and Gareth Bennett who joins from Allied Irish […]
OakNorth Bank completes additional £20m loan-on-loan facility to Hilltop Credit Partners
OakNorth Bank has increased its original £30m facility to £50m to Hilltop Credit Partners, the specialist funding partner for small and mid-sized UK residential property developers and housebuilders; The £50m loan-on-loan facility will be used to support Hilltop’s ongoing real estate development lending platform. OakNorth Bank – the UK bank powered by the OakNorth platform […]
OakNorth Bank to appoint industry heavyweight, Rajesh Gupta, as CFO, who is to join from Kensington Mortgages
Rajesh will be joining OakNorth Bank from Kensington Mortgages, a leading specialist lender, where he spent the last five and a half years as its CFO; Prior to this, he had a 21-year career with General Electric, where he had responsibilities for entities with assets ranging from $5bn to $50bn; As one of the only […]
OakNorth Bank completes £20m loan-on-loan facility to Ultimate Finance Group to support growth in bridging lending
Ultimate Finance Group, the specialist asset-based lender, is part of Tavistock Group, the private investment organization founded by Joe Lewis; Ultimate Finance Group has completed over £90m of bridging facilities since its inception in 2016, with a spread of clients across the UK; Since completing its first loan-on-loan facility in 2015 – a liquidity line […]
