If you’re looking to invest in residential property, we’ve got a streamlined digital application journey for fast flexible financing from £250,000 up to £3,000,000. You’ll be able to create an online account where you can manage every part of your application and you could receive custom loan terms in just five minutes.*
Subject to each application circumstance
Meet Kate, CEO of Bruntwood SciTech
We provided the debt finance Bruntwood SciTech needed to continue supporting the UK science industry. Hear Kate’s experience below.
Bruntwood SciTech is focused on commercial property in the science and technology sectors – we just provided the environment for those businesses to come in, work together, collaborate, and support them through their growth journey.
I’m a finance person by trade. I’d always had a bit of a desire to go work in industry and a role at Bruntwood came up. So, I joined the group just over 10 years ago now and have worked in various different roles over the years, and then was asked to take on the Chief Executive role just over 18 months ago, so I’ve moved on to something a bit more expansive than just the numbers.
We were looking to begin to grow our footprint in Birmingham initially. We had one opportunity on the table at the time, which was the development of a new building. We designed the building up, had a cost plan, and needed some debt funding to support us in getting that off the ground and built, and then the pandemic hit. It took us a while to kind of regroup and get our heads around that. But I think ultimately, we still believed in the fact that this was the sector that was really going to begin to power the growth of the UK coming out of the pandemic.
Having gone back to a couple of other funders at the time, pre-pandemic who were interested, they had withdrawn from that market, but OakNorth was still keen to support us through that journey and could spot the fact that actually, this business was in quite a sweet spot sectorally as far as real estate was concerned. And so were keen to continue to fund the building, which was brilliant. OakNorth just has a slightly different slant in the way that they do business, and it is a lot quicker. The ability for me to pick up the phone to an individual that I know and understand us as a business is absolutely key. OakNorth is one of those lenders that will look at things that are a little bit out of the box that others won’t.
Going to credit committee I thought was really beneficial. They are hearing our background, our story, our expertise, our financial position from us as a team, rather than things being lost in translation. I think it just made the whole process far quicker, far slicker, to tell me what they need to achieve. I tell them what I need to achieve, and we get there.
We’re entrepreneurs at heart, so we build our real estate loans with business owners front and centre. That means no inflexible and inefficient finance facilities, no-time wasting, and no ambiguity. Just straightforward debt finance without giving up equity.
Not sure which financing you need? From term debt to revolving credit facilities and bridging loans, our financing is bespoke to your use case. Find out more about the different types of debt in our guide to business loans. Or, first time financing property? Check out our complete guide to property development financing to find out more.
Our speed and flexibility: we’ll work with you to design something truly bespoke – so you can acquire and refurbish a site all under one facility, for example. And we’ll do it far quicker than high street banks.
We have years of experience helping businesses avoid the pitfalls of project-by-project financing. Our umbrella facilities allow for multiple projects and the acquisition of new assets, so you can deliver projects more quickly and reduce costs.
Along with taking the time to speak to you and understand your objectives, we also use forecasting tools to get a sense of where you’re going. We’re not restricted by historic financials, which means we can build something truly personalised, that takes into account your business’ growth trajectory.
The cost of your loan is based on what kind of borrower you are, or your risk profile, which depends on factors like credit history, industry sector and more. We focus on speed, flexibility and competitive terms over price.
Depending on factors like your business’ risk profile and what you need the funding for, we can provide amortising loans, where you gradually pay off your debt with regular payments, as well as non-amortising loans, where you pay off the loan in a lump sum.