OakNorth, the digital bank for entrepreneurs, by entrepreneurs and structured real estate lender, REL Finance, have completed a £16.6m co-loan to JMK Group, a family-run hospitality business. JMK’s story began when an entrepreneur, John Kajani, made “a decision to move from textiles to the hospitality… Read More
OakNorth, which claims to serve as the digital bank for entrepreneurs, by entrepreneurs, has provided a £3.3m loan to debt recovery company, BPO Collections, a wholly owned subsidiary of Canadian-based, Everyday People Financial Corp. Established by Graham Rankin back in 2006, the firm remains focused… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided DSW Capital, a mid-market, challenger professional services licence network and owner of the Dow Schofield Watts brand, with capital to support its acquisition of DR Solicitors, the specialist law firm working with medical professionals (including… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £40m NAV Revolving Credit Facility (RCF) to returning customer, Literacy Capital. Founded in 2017 by Paul and Richard Pindar, Literacy is “a closed-end investment company focused on investing in and supporting growing UK businesses and… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has completed a £2m Revolving Credit Facility to Spy Alarms, an electronic security and fire system services business which installs, maintains and monitors intruder alarms, CCTV, fire safety systems and access control systems. The business was founded… Read More
OakNorth – the digital bank for entrepreneurs, by entrepreneurs – announces that it has secured authorization from the Federal Reserve and the New York State Department of Financial Services (NYDFS) for a Representative Office in New York. The authorization will enable OakNorth to “proactively market… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £6m loan to Gatehouse Hub Ltd to fund the development of 19 industrial logistics units spread over 43,487 sq.ft., and a wellness centre comprising of 6,458 sq.ft. on the outskirts of Burgess Hill in… Read More
OakNorth and ASK Partners, a specialist property lender, have provided a £30.8m co-loan to London-based Vabel, to acquire 114-150 Queensway and 97-113 Inverness Terrace. The post-war 1950s building occupies a prominent corner position “on the southern end of the site, bookended between Porchester Gardens and… Read More
OakNorth – the digital bank “for entrepreneurs by entrepreneurs,” has provided a £45.7m loan to investment firms, Veld Capital and Maya Capital, to support the development of a major new hotel at 160 Blackfriars Road. Founded in 2009, Veld Capital is a private investment firm… Read More
OakNorth, the digital bank for entrepreneurs, has lent several hundred million pound to British businesses in the first half of this year, as it continues its track record of supporting the most ambitious and innovative businesses across the UK. OakNorth’s focus has been on “supporting… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a subscription line to Palamon, a UK-based European mid-market private equity firm. Palamon has deployed more than €2.5bn in mid-cap companies “since its inception in 1999, with a focus on financial services, business services, consumer… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, and real estate funding specialist, ASK Partners have provided a £19.5m co-loan to independent hotel management business, Capilon Hotels Group. Capilon specializes in property investment, development and management of various sectors and asset classes, with “a particular… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an initial £25m loan to Blue Shield Capital, a property lending firm committed to simplifying bridge lending. Launched in 2020, by co-founders Gil Ulrich and Jonathan Hitter, Blue Shield primarily underwrites senior bridging loans “backed… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a further £12.2m loan to returning customer and SME housebuilder, honey, to part fund the acquisition and development of two of its latest major residential schemes. Founded in October 2022 by former Avant Homes CEO,… Read More
OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £2.5m loan to SES, the manufacturer of power distribution products for the entertainment industry, to support the creation of its employee ownership scheme. Founded in 1994 by brothers Mark and Gordon Cooper, and headquartered… Read More
OakNorth – the digital bank for entrepreneurs by entrepreneurs – has provided a loan to Lovett Care, the care home provider. Founded in 2009, Lovett Care specializes in “offering residential, nursing and dementia care across England and Wales.” The past three years has seen the… Read More
OakNorth – a UK-based digital bank, has added Lord (Adair) Turner as its Chairman of the Board. Lord Turner reportedly has “an extensive track record in financial services, including as Vice-Chairman of Merrill Lynch Europe, a Board Director of Standard Chartered, Chair of the Financial… Read More
OakNorth, a UK-based digital bank, has provided a debt finance facility to support the latest acquisition project of ALMCOR and an affiliate of Cerberus Capital Management, L.P. ALMCOR claims that it has over 25 years of experience “operating in the UK and European real estate… Read More
One year ago, OakNorth – the UK digital bank has acquired a 50% stake in ASK Partners (ASK), a specialist lender that reportedly has enabled over £1.4 billion of lending through its platform “where institutional partners, family offices, and high net worth individuals provide funding.”… Read More
OakNorth, the neobank for entrepreneurs, by entrepreneurs, has today published new research with the Social Market Foundation, a cross-party think tank, revealing the outsized impact of scale-up businesses1 on the UK economy by region, country, and sector. The new report, titled ‘The Scale of the… Read More
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