OakNorth

A huge thank you to our customers, partners and team for helping us reach this incredible milestone! Securing authorisation for our New York Representative Office from the Federal Reserve and NYDFS is a testament to our collective effort and dedication over the past several years. We’re proud to say that we’ve already provided around $600m in lending to lower mid-market businesses in the US, and we’re just getting started. With this authorisation, we’re excited to take our support to the next level, continuing to champion the businesses that are the backbone of the economy. Read more:https://lnkd.in/etSP9PBt

Curious about how the right banking partner can fuel your business growth? In our latest video, Peter King, Director of Business Banking here at OakNorth, shares valuable insights on how high-growth businesses can benefit from tailored banking solutions. Peter explains how our innovative approach - complete with a dedicated Business Partner and quick, seamless onboarding - addresses the unique challenges of scaling businesses. If you’re looking for a banking partner who truly understands your business, don’t miss this video! Watch now and discover how we can make a difference for your business.

We’re thrilled to announce that we’ve secured authorisation from the Federal Reserve and the New York State Department of Financial Services (NYDFS) for a Representative Office in New York. This milestone marks a significant step in our journey to support lower mid-market businesses in the US, having already lent around $600m to these key drivers of the economy in the past year alone. We’re excited to build on this momentum and continue filling the void left by commercial banks, providing the speed, flexibility, and entrepreneurial approach these businesses need to thrive. Read more: https://lnkd.in/dQAK7p9R

We were delighted to provide a £6m loan to Gatehouse Hub Ltd, enabling the development of 19 industrial logistics units and a wellness centre on the outskirts of Burgess Hill, West Sussex. Bedford Park Developments, led by Chartered Town Planner Ben Ellis, has extensive experience in planning and development across residential, commercial, and retail sectors. Since 2018, the company has secured and sold around 1,000 residential units. With over 27 years of real estate experience, Ellis has a strong track record, including founding a successful planning consultancy and directing a major retail development firm. Speaking about the deal, Ellis said: “We’re excited to be brining this development to the West Sussex region thanks to the funding and support of OakNorth. We enjoyed the experience of meeting Credit Committee and having the opportunity to discuss our project directly with the decision makers. This is not something we’ve ever experienced with other lenders, so was a truly unique and refreshing part of the funding journey.” Marc Busbridge Simo, Associate Director of Debt Finance at OakNorth, continued: “Delighted to be supporting Ben on this transaction in our first venture with them. It’s great to see that the team has already pre-sold or pre-let several units – a clear indication of the strong local market demand and design-led product that Ben and the team will be delivering. We’re delighted to be supporting Ben with the funding for this project and look forward to continuing to work with them in the future.” Learn more: https://lnkd.in/eKyWjg7d

Business banking built for speed 🏃♂️ Our account opening process is quick and simple, even for complex scaling businesses. You can apply in under 10 minutes and be up and running in as little as a few days – not weeks or months. Get back to business faster with OakNorth business banking. Apply now or learn more: https://lnkd.in/eDj63eFn #businessbanking #businesscurrentaccount #businesssavings

We just wrapped up a thought-provoking green-dating event at our Soho office, where SME housebuilders, property developers, and investors heard from seven trailblazing companies: SaveMoneyCutCarbon, Sintali, Social Decarb, Construction Carbon, Planet Mark, Material Index and Firstplanit. Hosted by Matt Bullivant, our Director of Sustainability and ESG Strategy, it was an exclusive opportunity for attendees to connect with peers and learn directly from businesses that are leading the way in net zero strategies, energy-efficient building practices, and regulatory compliance. By bringing together industry experts and fostering open dialogue, we are committed to driving positive change and supporting our customers and partners in their sustainability journeys. Thanks to everyone who joined us this morning 🌳 🌎

Find out all the latest updates and some recent stories of growth and innovation in our August newsletter. Here's a snapshot of what's inside: 1️⃣ Learn how business banking can empower you to scale at speed with quick setup, dedicated support, savings up to 4.75% AER**, and more 2️⃣ Explore our brand-new Health & Wellbeing Pulse Report to discover the latest trends in the fitness sector 3️⃣ Uncover what banks and PE firms look for when funding exit strategies **Variable rates correct as of 13-Aug-2024. T&Cs apply.

We've been announced as a finalist for 'Lender of the Year' at the 2024 HealthInvestor Seniors Housing Awards 🎉 We’re thrilled to receive this recognition, which highlights our commitment to supporting care and later living businesses across the UK. Congratulations to our fellow finalists and best of luck for September 24.

Check out the latest episode of Allsop LLP’s Valuation Viewpoint podcast where Greg Manson, Director of Debt Finance, joined Andrew Hoban to demystify the property lending process. They explored borrower steps, loan structuring, pricing, leverage, due diligence, and more, as well as how OakNorth differs from other lenders. Tune in for Greg’s expert insights. Listen here: https://lnkd.in/ey6h3JtT

It’s not too late to cast your vote for the GRI Club Awards, taking place on September 10 in Paris! We’re up for ‘Industrial & logistics project of the year’ with Cerberus Capital Management and ALMCOR, and would love your support. VOTE NOW 👉 https://lnkd.in/defgKHzQ