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OakNorth Bank completes £7m partial CBILS loan to support the sale of 21 homes in Weybridge, Surrey
The £7m marketing bridge facility (£5m CBILS and £2m non-CBILS) will be used to refinance existing debt and allow time for the sale of 21 residential units in Surrey; The residential units form part of a 5-storey mixed-use scheme, comprising of 46 flats and two retail units on the ground floor; The site, located on […]
OakNorth Bank completes £6.55m property development facility and partial CBILS loan for new luxury residential units in Hampstead
The capital will be used to develop six new luxury residential units in Hampstead; £5m of the capital has been provided under the British Business Bank’s Coronavirus Business Interruption Loan Scheme (CBILS), while the remaining £1.55m is non-CBILS; According to the latest analysis from Savills, demand for homes with more indoor living space as well […]
OakNorth Bank completes £5.5m property investment to Manchester-based real estate company for new rural housing development in Lancashire
With a property portfolio spanning more than 100 locations nationwide, Hurstwood Holdings is a leading privately owned commercial and real estate company with over £160m of assets; The capital from OakNorth Bank will be used to develop 30 new homes across a 2.5-acre site in Rossendale, Lancashire; The site boasts excellent transport links, with Manchester, […]
OakNorth Bank completes £1.63m CBILS loan to Yellow Tree Capital to support the sale of a new residential scheme in Tunbridge Wells
The £1.63m marketing bridge facility is to Yellow Tree Capital, a bespoke property finance firm specialising in investment lending throughout London and the South East; The loan will be used to refinance existing debt and allow time for the sale of Nevill View – a residential scheme consisting of four houses in Tunbridge Wells; Since […]
OakNorth Bank approves over £1bn in new loans and receives additional CBILS/CLBILS allocation from the British Business Bank
Since March, OakNorth Bank has approved £1.1bn in new loans to support UK businesses through the crisis, including over £400m through CBILS and CLBILS; In the last month, OakNorth Bank has seen four times the lending volume going to credit committee vs the same period last year; Despite the difficulties the UK economy and British […]
OakNorth Bank completes £930k CBILS loan to support the sale of residential barn conversions in Surrey
The £930k marketing bridge facility is to Real Estate Bonding Limited, a property development business founded by brothers, Nigel and Simon Heilpern; The loan will be used to refinance existing debt and allow time for the sale of two semi-detached barn conversions with purchase contracts in a village near Guildford, Surrey; The transaction was completed […]
