The OakNorth newsroom
Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.
For press enquiries, get in touch at [email protected]
Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.
For press enquiries, get in touch at [email protected]
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OakNorth has completed a transaction with Frogmore, one of the UK’s leading real estate investment managers; The finance will be used to acquire a four-storey serviced apartment block and submit planning permission to convert it into a 35-bedroom care home focusing on providing accommodation for those suffering from Dementia; The area, typified by large Georgian […]
OakNorth has today announced its participation in the ENABLE Guarantee programme, securing a guarantee of £133m from the British Business Bank, the UK government’s economic development bank. OakNorth will use the guarantee to strengthen further its lending support to fast-growth businesses and established property developers and investors. The ENABLE Guarantee programme is designed to encourage […]
OakNorth has seen a 220% increase in its profit-before-tax – up from £10.6m in 2017 to £33.9m in 2018; The bank, which lends £0.5m-£40m to profitable, scale-up, British businesses, also saw its total loan facilities grow by 160% from £850m in 2017 to £2.2bn in 2018; OakNorth has now lent over £3bn since its launch […]
The finance will be used to acquire Old Raven House, a grade II listed detached care home registered with the Care Quality Commission; The site consists of 29 bedrooms but has planning permission to add a further nine bedrooms to take total capacity to 45 residents; The care home has been 100 percent occupied for […]
OakNorth has completed a transaction with Westcombe Group, a leading property developer established for over 50 years focused on luxury developments in London; The finance will be used to develop several residential properties in Isleworth in the London Borough of Hounslow and Northwood in the London Borough of Hillingdon; The properties will be focused on […]
OakNorth, which has lent over £2.7bn to businesses across the UK, has today announced a strategic partnership with ClearBank®. The business will leverage ClearBank®’s platform to provide highly scalable real-time payments and agency banking services. OakNorth will start off by using ClearBank®’s real-time Faster Payments infrastructure, allowing for instant payments. Amir Nooriala, COO of OakNorth, […]
Stay in the know about our latest partnerships, customer success stories and all other things OakNorth.
For press enquiries, get in touch at [email protected]
