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OakNorth Bank completes £1.1m loan to entrepreneur brothers for launch of a new boutique hotel brand – starting with a 22-bedroom hotel in Edinburgh
Founded by Mike and Ross Baxter, BXTR launched in August 2014 with a 46- bedroom hostel in Edinburgh, followed by the opening of the 105-bed-roomed Kip Hotel in East London; With this finance from OakNorth Bank, the brothers have launched a new boutique hotel brand – House of Gods – starting with a 22-bedroom, four-star hotel […]
OakNorth Bank completes £10.5m transaction with RM Secured Direct Lending PLC – the London Stock Exchange-listed investment trust
OakNorth Bank has provided a bespoke £10.5m liquidity facility to RM Secured Direct Lending PLC (“RMDL”); The loan will enable RMDL to finance its pipeline of investment opportunities and grow its portfolio; OakNorth Bank has partnered with RMDL on several transactions in the past, so this facility will help further develop the relationship. OakNorth […]
OakNorth Bank provides £17.8m loan to Marden Homes for a major new residential development in Chelmsford
Established in 1989, Marden Homes specialise in unlocking value from its sites and building bespoke homes across London and the South East; The finance will be used to develop a major new waterside residential site, consisting of 128 units, including 28 affordable homes; The site, situated in Little Waltham, Chelmsford, boasts excellent transport links, including […]
OakNorth Bank completes £4.6m loan to support Literacy Capital’s investment in leading aluminium fabricator, AluFold Direct
Founded in 2017 by Paul and Richard Pindar, Literacy Capital is a closed-end investment company focused on investing in and supporting growing UK businesses; Using the finance from OakNorth Bank, Literacy Capital has invested in AluFold Direct, a leading fabricator of premium aluminium residential and commercial building products including bi-fold and sliding doors, windows and […]
OakNorth completes loan to returning client Kexgill for its latest student accommodation development at the University of Hull
Having secured a major partnership with the University, Kexgill is one of the leading still wholly privately owned student accommodation providers in the UK; Kexgill will use the finance from OakNorth to convert four semi-detached houses into 12 studio flats all of which are pre-let and to complete the 200 house purchase known as the […]
OakNorth Bank lends £19.5m to Care Concern Group to support the sale and leaseback to Alpha Real Capital operating care homes
The Care Concern Group consists of 44 care homes with 2,472 registered beds predominantly located in Scotland and a further 13 in development; Care Concern Group’s CEO, Manpreet Johal has 12 years multi-site management experience and led the expansion of Care Concern from four sites to where it is today through organic growth; Annual spending […]
