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The capital, allocated through the government’s Coronavirus Business Interruption Loan Scheme (CBILS), will be used to part refinance an existing shareholder loan from sister company and release liquidity to the wider business; Dewing Properties recently completed a major residential development consisting of 44 homes, including eight affordable units, in the popular Norfolk coastal town of […]
The capital will be used to facilitate the refinancing of one property and the acquisition of three further properties, comprised of residential and commercial which includes social housing and office space across two adjacent neighbourhoods in North East London; The four properties consist of 18 houses, 62 apartments (of which five apartments are for social […]
Founded in 2015, Essex-based Little Explorers Day Nursery operates at 90 percent occupancy, has a Good Ofsted rating and has been nominated in the top 20 nurseries in the London region; With the nursery at almost full capacity pre-COVID-19, this loan will provide Little Explorers with the necessary capital to open a second site; The […]
Since the UK went into lockdown, OakNorth Bank has approved £50m in new loans to fund a hotel refurbishment, an acquisition of 131 retirement units across the UK, and a fund buy-out; In addition to this, OakNorth Bank has approved over £36m of loans through the government’s Coronavirus Business Interruption Loan Scheme (CBILS) since being […]
Having acquired The Mitre Hotel in January 2020, Signet Hotel Group has secured a loan from OakNorth Bank to refurbish the 36-bedroom hotel and upgrade it from a 3 to a 5-star establishment; The hotel, which is due to re-open in September, has a 60-cover riverside restaurant, a 70-cover brasserie and bar, a 80-cover Orangery, […]
Capital from OakNorth Bank has supported the portfolio purchase of 135 retirement apartments across the UK by Waverstone LLP, a jointly owned entity between Waverley Investments Limited and McCarthy & Stone Extra Care Living Limited; The apartments have been purchased from McCarthy & Stone, the UK’s leading developer and manager of retirement communities, who will […]
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]