- Founded in 2008, the borrower specializes in short-term bridge financing and commercial real estate debt solutions;
- Having lent over $1bn across c.500 transactions to date, the firm’s expertise allows it to quickly and efficiently source, analyze, underwrite and execute new debt opportunities;
- OakNorth provided a $50m debt financing package, alongside $50m each from Customers Bank and Valley National Bank, to support the firm’s bridging loan operations.
NYC, US, 07 May, 2026; OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has participated in a $150m note-on-note facility to a New York-based private lending firm, alongside Customers Bank and Valley National Bank.
The facility will support the borrower’s continued expansion of its short-term bridge lending platform, providing financing for a diversified portfolio of residential and commercial real estate loans across key U.S. markets, including New York and Florida.
Founded in 2008, the firm specializes in originating bridge and note-on-note loans secured against real estate assets. To date, it has lent over $1bn across approximately 500 transactions, building a strong track record of disciplined underwriting and consistent performance. The firm focuses on lower-leverage lending, typically backed by experienced sponsors and clear exit strategies, such as refinancing or asset sales.
OakNorth’s participation in the facility builds on its existing relationship with the borrower, having previously supported on several transactions. The transaction also marks a new partnership with Customers Bank, with both co-lenders bringing significant experience in U.S. commercial real estate and specialty finance.
Max Saidman, Managing Director, US Originations at OakNorth, commented on the transaction: “Specialist lenders like play a critical role in providing flexible, short-term capital solutions to real estate sponsors, particularly in segments underserved by traditional banks. With a strong track record, conservative leverage profile, and disciplined underwriting approach, the business is well-positioned to continue scaling its platform. We’re pleased to deepen our relationship with the borrower and to partner with Customers Bank and Valley National Bank on this transaction, further expanding our presence in the U.S. lender finance market.”
ENDS
Notes to editors
About OakNorth
Launched in September 2015, OakNorth is the bank for entrepreneurs, by entrepreneurs. It was founded to address the persistent funding gap facing lower mid-market businesses – a segment that accounts for a significant share of economic output yet remains underserved by traditional banks.
To date, OakNorth has provided over $20bn in lending to thousands of entrepreneur-led businesses across the UK and US, supporting the creation of more than 70,000 jobs and generating more than £40bn in economic value. Throughout multiple economic cycles, the bank has maintained a highly disciplined approach to credit, delivering performance metrics that place it among the top 1% of commercial banks globally.
It is authorised by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority.
Visit www.oaknorth.co.uk for more information.
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