- Glacier Credit Strategies is the real estate lending platform of Glacier Global Partners, a New York-based, fully integrated, multi-strategy investment firm;
- Founded in 2009, the firm specializes in debt and equity investments across commercial real estate, digital infrastructure and renewable energy projects;
- The financing will be used for the construction of a 41,000 square foot Class A industrial warehouse property;
- Situated in North Arlington, New Jersey, the site is approximately seven miles from the Port of New York and New Jersey.
NYC, US, 9th November, 2026: OakNorth, the digital bank for entrepreneurs, by entrepreneurs, provided senior financing to Glacier Credit Strategies, the real estate lending platform of Glacier Global Partners, for a construction loan to a best-in-class industrial developer building a new Class A industrial warehouse in North Arlington, New Jersey.
Glacier Credit Strategies is the real estate lending platform of Glacier Global Partners, a New York-based investment firm founded in 2009. The firm provides financing solutions across the commercial real estate capital structure, including first mortgage loans, mezzanine financing and preferred equity, and its team has experience across more than $30bn of real estate transactions.
The proposed 41,000 square foot industrial property will be developed on a 2.45-acre site and will include nine loading docks, one drive-in door and 30 parking spaces. The site forms part of the approximately 25-acre Porete Avenue Redevelopment Area. The property is approximately seven miles from the Port of New York and New Jersey and benefits from access to the New Jersey Turnpike and major regional transport routes.
Yaniv Blumenfeld, Founder and CEO of Glacier Global Partners, commented on the transaction: “We are pleased to have OakNorth as our senior financing partner on this loan to an experienced developer with a strong track record in the Northern New Jersey industrial market. The Porete Avenue site is well positioned for modern logistics and distribution users. OakNorth brought a commercial and responsive approach, and we look forward to working together as the development progresses.”
Dylan Jagjivan, Director of Debt Finance at OakNorth, added: “Glacier has extensive experience in financing commercial real estate across the US, and we are delighted to establish this new lending relationship. The project benefits from an experienced sponsor, a strategic location close to the Port of New York and New Jersey, and strong demand for modern Class A industrial space in this part of the market. This transaction demonstrates our ability to work alongside specialist real estate lenders to deliver flexible development financing, and we look forward to supporting Glacier on future opportunities.”
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 $24bn 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 $54bn 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.com for more information.
About Glacier Global Partners
Glacier Credit Strategies is the commercial real estate lending platform of Glacier Global Partners, providing construction, acquisition, bridge and gap financing, including first mortgage loans, mezzanine loans and preferred equity investments, on transactions ranging in size from $10 million to $250 million in the New York metropolitan area and other major U.S. markets. Glacier Global Partners is a New York-based, fully integrated, multi-strategy investment firm focused on debt and equity investments across commercial real estate, digital infrastructure and renewable energy projects. The firm invests across the capital stack and has built specialized operating platforms to pursue value-add and opportunistic strategies. Glacier’s team brings deep experience in origination, underwriting, structuring, asset management and capital markets across multiple property types and market cycles. For more information, visit glacierglobalpartners.com.