OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a $30m note-on-note revolving credit facility to Module Five Capital, the New York-based real estate lending platform. The facility will fund new loan originations and support the platform’s expansion across major US metropolitan markets.
The facility will be used to fund new originations, including land and construction loans, bridge and fix-and-flip loans, and multifamily investment loans. It also provides Module Five Capital with flexible funding to scale its platform and expand its lending capacity across major US metropolitan areas, particularly New York, New Jersey and Pennsylvania.
About Module Five Capital: Founded in 2020 by Max Gejerman, Yehuda Krauss and Nisson Hyman, Module Five Capital is a New York-based real estate debt platform and balance-sheet lender providing senior financing to US commercial and residential real estate projects, with a focus on short-term bridge and construction loans ranging from $500k to $10m. The firm has originated more than 45 loans since inception and manages an active book spanning multifamily, industrial and mixed-use assets.