OakNorth Bank offers tailored lending solutions to businesses and savers in the UK, focusing on fast and flexible financing options. The bank specializes in senior debt finance, allowing for quick loan approvals that benefit sectors like property development and hospitality. Unlike traditional banks, OakNorth works closely with private equity firms to customize its financial products, ensuring a customer-centric approach. Additionally, by providing savings accounts, OakNorth supports local business growth, creating a positive impact on communities.

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OakNorth Bank

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £1.4m loan to fund the purchase of a 2,690 sq. ft, vacant residential and office building in Fitzrovia, central London.The four-storey site will be fully refurbished and will consist of four one-bedroomed apartments, offering new kitchen and bathrooms for residents, as well as two floors of modern office space, located on the ground floor and basement. Situated in the popular area of central Fitzrovia, the site is walking distance from several London underground stations, including Goodge Street, Tottenham Court Road and Oxford Circus, as well as from many of the capital’s main tourist attractions.The project is being led by Parag Sawheny, Founder and Managing Partner of Penn South Capital, and Yoni Karako, Founder of Courtier Capital. Parag founded Penn South Capital in 2014, which specialises in redeveloping and repositioning existing assets for value-add purposes, including multifamily properties within major cities across the US. Yoni established residential real estate investment and management firm, Courtier Capital, in 2021, where he led acquisitions exceeding $100 million within the first seven months.Yoni Karako, Director of 52 Tottenham St, Fitzrovia Ltd, commented on the transaction: “Given OakNorth’s reputation for supporting entrepreneurial property developers in London and across the UK, we knew they were the right banking partner for this project. Priya and the team are experts in London’s real estate market and are highly commercial and transparent in their approach, which enabled us to complete the transaction in just 10 days, following credit approval

Oaknorth Completes £1.4M Loan To Support The Acquisition And Redevelopment Of A Vacant Residential And Office Building In Fitzrovia

OakNorth completes £1.4m loan to support the acquisition and redevelopment of a vacant residential and office building in Fitzrovia.

OakNorth Completes £1.4m Loan to Support the Acquisition and Redevelopment of a Vacant Residential and Office Building in Fitzrovia

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 leading family-run hospitality business.JMK’s story began when an ambitious entrepreneur, John Kajani, made a bold decision to move from textiles to the hospitality industry. With a strong work ethic and an eagerness to succeed, he opened a small boutique hotel in Kensington in 2009, unaware it would later grow into an extensive portfolio of hotels, properties and coffee houses across the UK and Ireland, known as the ‘JMK Group’.The £16.6m co-loan from OakNorth and REL Finance will be used to acquire a five-storey Grade II listed office block and convert it into a new 185-key hotel, subject to receiving planning permission. The site, strategically located in the heart of the City of London along St. Clement Lane, is an area renowned for its vibrant business community and historical significance. This acquisition aligns with JMK Group’s vision to enhance the commercial landscape of London by transforming outdated office spaces into a hotel with state-of-the-art facilities that cater to modern business and recreational needs.Zain Kajani, Director of JMK Group, said: “At JMK Group, we pride ourselves on being a strong privately-owned company that puts people at the heart of everything we do. We’ve experienced rapid business growth since our establishment in 2009 and now have an extensive portfolio which is constantly evolving

Leading Hotel Family Business, Jmk Group, To Acquire City Of London Site Following £16.6M Co-Loan From Oaknorth And Rel Finance

OakNorth provides refinancing and growth facility for MPS Care

UK: OakNorth provides refinancing and growth facility for MPS Care

The Aberdeen-headquartered firm said it planned to use the money for acquisitions and had identified a number of potential deals.

D2Zero secures £150m lending facility to fuel further growth

Storage firm expands with £30.2 million support

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a £3.3m loan to leading and well-established debt recovery company, BPO Collections, a wholly owned subsidiary of Canadian-based, Everyday People Financial Corp.Founded by Graham Rankin in 2006, the firm prides itself on professionalism, and a drive to work closely and personally with its customers. It aims to find the most viable and affordable arrangements, each tailored to customers’ individual financial circumstances. Headquartered in Ayrshire in South West Scotland, the firm’s clients include several blue-chip companies, such as Vodafone and Sky, as well as HMRC.The £3.3m loan from OakNorth will be used to support BPO Collections’ acquisition of debt collection agency, CCS Collect. Established in 1975 and headquartered in Surrey, the firm has built a strong reputation for helping consumers with their debts, including unpaid credit cards and utility bills, as well as fines for not paying tax on time. With customers also including some of the most well-known businesses, such as Sky and the DVLA, CCS Collect offers a customer portal that allows clients to manage their accounts easily and efficiently.Graham Rankin, Founder & CEO of BPO Collections commented: “Dealing with debt shouldn’t be a stressful process, especially if you have a supportive, patient, and highly capable team on hand to help. We have always been impressed with CCS Collect’s strong reputation and growth and are excited to be joining forces to support even more customers

Ayrshire-Based Debt Recovery Firm, Bpo Collections, To Acquire Ccs Collect Following £3.3M Loan From Oaknorth

Ayrshire-based debt recovery firm, BPO Collections, to acquire CCS Collect following £3.3m loan from OakNorth.

Ayrshire-based Debt Recovery Firm, BPO Collections, to Acquire CCS Collect Following £3.3m Loan From OakNorth

A training provider that supports more than 16,500 learners a year across the UK is targeting expansion through acquisitions after agreeing a multimillion-pound funding deal with OakNorth.

Training provider secures multimillion-pound OakNorth funding - expansion targeted through acquisition

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an $25.1m note-on-note facility to New York-based next-generation, multi-strategy investment firm, Mavik Capital.Founded by CEO and CIO, Vik Uppal, the firm primarily focuses on identifying middle-market real estate opportunities across the U.S. Operating across three core verticals, including special situations, traditional lending and credit solutions, and insurance, the firm has successfully deployed over $3b in capital via more than 110 investments, since inception.The $25.1m note-on-note facility from OakNorth will be used to convert the vacant 20-storey Crowne Plaza hotel in Syracuse into a new multifamily property. Consisting of 287 studio apartments, the building will offer numerous amenities, including a community kitchen, dining, lounge and co-working areas, games room, wellness and fitness hub and business center. Located half a mile from Syracuse University and SUNY Upstate Medical University, the site will also include a restaurant and convenience store on the ground floor, as well as 229 car parking spaces.The transaction follows OakNorth’s authorization in August from the Federal Reserve and the New York State Department of Financial Services for a Representative Office in New York.Mike Fishbein, Managing Director of Mavik, commented: “At Mavik, we are focused on crafting solutions and building creative structures that seek to maximize returns while strongly mitigating risk. At our core, we are driven by a commitment to outperform. OakNorth is an important partner to Mavik on this transaction.”Dylan Jagjivan, Associate Director of Debt Finance at OakNorth, added: “We were delighted to support Mavik on its latest investment

Oaknorth Provides $25.1M Note-On-Note Facility To Mavik Capital To Finance The Conversion Of Vacant Hotel In Syracuse, New York Into Multifamily Property

Provides tailored lending solutions for businesses

OakNorth Bank

Provides tailored lending solutions for businesses

OakNorth Bank

Provides tailored lending solutions for businesses

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