Deals

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a $60.7m note-on-note facility to returning customer S3 Capital. The financing will support the ground-up development of 68 new luxury condominiums in Greenpoint, Brooklyn. Located in one of Brooklyn’s most desirable waterfront neighbourhoods, the development will offer a modern collection of spacious one-, two-, three- […]

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 […]

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided a senior debt facility to support Chicago-based private investment firm Uncommon Equity in its acquisition of HopCat, the Michigan-based bar-restaurant group known for its elevated comfort food and extensive craft beer selection. The facility comprises a term loan, a revolving credit facility and a delayed […]

OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an $8.9m loan to Pro Hospitality Group. The funds will refinance existing debt and support the relaunch of the 100-key Hotel Elev8 in Flagstaff, Arizona. Located off Interstate 40, the two-storey hotel has recently undergone a comprehensive renovation, including upgraded guestrooms and bathrooms, new furnishings, […]

The $45m loan from OakNorth will be used to acquire and refurbish the 166-key Cassa Hotel at 70 West 45th Street, originally built in 2010 as a 48-storey mixed-use building that also comprises a lower-floor restaurant and residential condominiums on its upper levels. Post-renovation, the hotel will be relaunched under the new brand name Lady […]

The $22m loan from OakNorth will be used to refinance existing debt and support the development of an additional 20 individual cabins across the site. Situated in the town of Accord in New York’s Hudson Valley, Inness combines a boutique 12-room farmhouse and 28 standalone cabins with a full-service spa and wellness centre, two saltwater […]

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 […]