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OakNorth provides $28m note-on-note facility to Oak Funding to support the acquisition of a Class A commercial office building in Secaucus, New Jersey
Co-founded in 2022 by Jeremy Levart and Mark Meisner, Oak Funding is a New Jersey-based real estate lending platform; The $28m note-on-note loan from OakNorth will be used to support the acquisition of an 11-story, 466k sq. ft Class A commercial office building in Secaucus; New Jersey’s commercial office sector is set for further growth […]
OakNorth deepens support for US lower mid-market businesses with acquisition of Michigan-based, Community Unity Bank
Since it began operating in the US in July 2023, OakNorth has lent over $700m to the lower mid-market Monday 17th March, 2025: OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in […]
OakNorth provides £77m loan to Staycity Group as aparthotel business looks to triple in size by 2029
Loan capital will support future growth as Staycity to expand to 18,000 keys by 2029; Increased consumer awareness, the rise of digital nomads, and the curb on Airbnb in some markets continues to drive demand for aparthotels. DUBLIN, 12 February 2025: OakNorth, the digital bank for entrepreneurs, has completed a £77m loan to Staycity Group, […]
