Our approach to property finance
Our approach to property finance
Since our launch in September 2015, we’ve been fortunate enough to work with some of the UK’s most ambitious and successful property developers and investors. Our loans have helped finance a range of projects, including: care homes, student accommodation, serviced apartments, co-working and co-living spaces, and properties for first-time buyers. We have also provided finance for land acquisitions, planning gains, PRS, vendor loan notes, PIK toggles and refinancing, enabling our borrowers to achieve maximum value for the units rather than being forced to sell in a short timeframe.
We provide flexible repayments terms based on the build programme
We aim to provide fast decisions and ensure that developers are kept up to date throughout the credit process
We invite borrowers to our credit committees to discuss their property development and investment plans directly with the decision makers
We provide funding for individuals or businesses who invest in property-to-let. For property investment loans, we provide up to 75% of the value, depending on underlying cashflow. For property development loans, we provide up to 75% loan-to-cost and 65% loan-to-gross-development value.
Where constrained by leverage or loan quantum, we have introduced funding partners to structure a facility that meets the borrower’s requirements. We have also worked with other lenders when they have approached us to participate in their transactions.
Jo Allen – Frogmore
“It was a pleasure working with OakNorth – we’re no strangers to securing debt finance for large scale projects, but this experience was one of the most simplest and stress-free transactions we’ve concluded.”
Paul Godfrey – Founder of Godfrey London
“OakNorth completed the deal quickly and efficiently – they looked at my proven track-record as a developer, rather than focusing on the fact that we’ve not done commercial spaces before. This was very much appreciated and is yet another demonstration of their unique approach.”
Dr Craig Stevens – CEO of Warwick Estates
“Throughout the process we have been impressed by OakNorth’s approach and engagement with the business. With such an excellent partner on board, we are excited to continue looking for new acquisitions and expanding the Warwick brand, bringing our outstanding service to thousands more customers across the UK”
Nick Moody and Simon Hepden – co-founders of Newby
“We appreciated the speed at which OakNorth operates and thoroughly enjoyed meeting the Credit Committee. We have done several transactions with banks in the past, but this was the first time we got to meet the decision makers face to face – a very interesting and refreshing experience.”
Nicole Bremner and Avi Dodi – Property Developers
“OakNorth’s support has been invaluable – the team have excellent knowledge of the London property market and were as committed to getting the deal done as we were which was very refreshing.”
If you’d like to discuss your property development or investment plans with us, please complete this form and one of our property finance directors will give you a call. Alternatively, please visit our contact page for details of how to get in touch.