CRE
OakNorth provides $21m note-on-note facility to Oak Funding to support new mixed-use scheme in South Bronx, New York
Co-founded in 2022 by Jeremy Levart and Mark Meisner, Oak Funding is a New Jersey-based real estate lending platform; The $21m note-on-note loan from OakNorth will be used to support the development of an eight-story, mixed use scheme in Crotona Park, South Bronx; Crotona Park’s residential population and renter occupancy levels continue to grow, highlighting the […]
CRE
Private real estate investor, GoodHomes, to develop new 13-storey multifamily scheme in Silver Spring, Maryland, following a $14.7m loan from OakNorth
Headquartered in New York, NY, GoodHomes Communities is a vertically integrated, private real estate investment company specializing in acquiring well-located, under-performing assets and converting them into residential units; With decades of experience in construction, design, management, and development, the firm has delivered over 5k homes, with total assets exceeding $5bn; The $14.7m loan from OakNorth will […]
CRE
OakNorth provides $79m of new funding to New York-based lending platform, S3 Capital
Founded in 2013 by Joshua Crane and Robert Schwartz, S3 Capital is a New York-based lending platform and the private lending arm of Spruce Capital Partners; Specializing in small balance loans under $20m and large balance loans up to $300m, S3 Capital has successfully lent over $6.5b across 700+ transactions to date; The $79m of […]
CRE
DAC Developments and Melrose Ascension Capital to develop a Class A 19-storey residential tower in Downtown Chicago, following $53m from OakNorth
DAC Developments is a Chicago-based real estate development company with a focus on multifamily residential and mixed-use ground up developments; Melrose Ascension Capital is a Chicago-based private equity real estate development and investment firm that is currently developing one million sq. ft of multifamily projects across the US; The £53m loan from OakNorth will support […]
CRE
OakNorth lends $20m to joint venture between Sabal Investment Holdings and 12 North Capital to support their acquisition of three purpose-built Class A memory care facilities
Founded in 2009, Sabal Investment Holdings is a real estate investment manager headquartered in Irvine, California and serving institutional investors across the U.S.; Headquartered in Los Angeles, 12 North Capital is a premier senior housing investment firm, dedicated to creating supportive communities for aging populations; The $20m loan will fund the acquisition of a non-performing […]
CRE
New York-based commercial real estate lender, EquityMultiple, provided acquisition financing for a Class A office-led site, following $21m note-on-note loan from OakNorth
Co-founded in 2015 by Charles Clinton and Marious Sjulsen, EquityMultiple is a New York-based real estate investment firm designed to build investor wealth through streamlined access to diverse real estate investment products; With total distributions equaling over $480m, the firm blends crowdfunding with a more traditional real estate investment and has expanded its reach in the real estate […]