OakNorth provides $21m note-on-note facility to Oak Funding to support new mixed-used scheme in South Bronx, New York. The loan from will be used to support the ground up development of an eight-story, mixed-use scheme in Crotona Park, South Bronx, New York. Located a short walk from 174th St Station and several MTA bus routes, the […]
Private real estate investor, GoodHomes, to develop new 13-storey multifamily scheme in Silver Spring, Maryland, following a $14.7m loan from OakNorth. The loan will support the conversion of a vacant 13-storey hotel into a new multifamily scheme in Silver Spring, Maryland. Located at 8727 Colesville Road, with direct transit access via the Red Line Metro […]
OakNorth provides $79m of new funding to New York-based lending platform, S3 Capital. The new funding, split across two separate note-on-note facilities, will be used to develop a new 13-storey multi-family scheme in New Jersey, as well as develop 27 new condos in South-Central Brooklyn. The New Jersey site, located in North Bergen, will consist […]
DAC Developments and Melrose Ascension Capital to develop a Class A 19-storey residential tower in Downtown Chicago, following $53m from OakNorth. The loan will be used to support the development of a Class A 19-storey residential tower in Downtown Chicago. Located at 630 S Wabash, the site will offer 164 highly amenitized and highly affordable […]
The $20m loan will fund the acquisition of a non-performing loan secured against three Class A purpose-built memory care facilities in Leesburg and Warrenton, Virginia and San Antonio, Texas. Offering a total of 200 ensuite rooms across 112,5k sq. ft of land, the sites offer a variety of amenities, including spacious common areas, gardens, libraries, […]
The $21m note-on-note loan from OakNorth will be used to reposition and lease a four-story Class A office-led building in Tinton Falls, New Jersey. Located at 1 Commvault Way, the 249k sq. ft site consists of 10 separate office spaces, three retail units, a dining hall, fitness center, training and conference space, café, gaming rooms, […]
The $26m note-on-note loan from OakNorth will be used to support the development of 19 new energy efficient condos located at 244-246 West 18th Street in Chelsea, Manhattan. Consisting of eight one-bedroom, four two-bedroom, three three-bedroom, three two-bedroom, two four-bedroom units, the new scheme will offer amenities such as a gym, playroom and storage facilities. […]
The $15.5m loan from OakNorth will be used to support the acquisition of a nine-story, 197k sq. ft, Class A commercial office building in Arlington, Virginia. The well-renowned site named, Ellipse on Fairfax, is located in the heart of Ballston, just two blocks from Ballston Metro Station, serving the Orange and Silver lines, and is […]