- The financing will support capital improvements, tenant enhancements, and leasing costs at a major suburban office property in New Jersey;
- The office asset is occupied by a diverse mix of corporate, professional services, government, and institutional tenants, providing a broad and stable tenancy base;
- The transaction was brokered by United Commercial Group.
NYC, US, 18 May, 2026; OakNorth, the digital bank for entrepreneurs, by entrepreneurs, 141 Capital Group, and H Equities have provided a $33m co-lend to support a major suburban office property in New Jersey.
The financing will be used to refinance existing debt and fund a significant capital improvement and tenant enhancement program at the property, including tenant improvements, leasing costs, and broader building upgrades designed to support long-term occupancy and asset quality.
The office asset is occupied by a diverse mix of corporate, professional services, government, and institutional tenants, providing a broad and stable tenancy base. Planned enhancements to the building are expected to further strengthen the tenant profile and support future leasing activity, while helping the property remain competitive within its submarket. The transaction reflects continued demand for high-quality suburban office assets that benefit from strong connectivity, established tenancy, and active asset management strategies.
Adam Ehrenreich, Associate Director of Debt Finance at OakNorth, commented on the transaction: “We’re pleased to complete this transaction alongside 141 Capital Group and H Equities. Despite ongoing challenges in parts of the U.S. office market, we continue to see opportunities to support well-located assets with experienced sponsorship and clear business plans focused on improving occupancy and enhancing tenant experience. This transaction reflects our disciplined approach to lending and our continued appetite for high-quality real estate opportunities in the U.S.”
A spokesperson for 141 Capital Group said: “We are delighted to partner with OakNorth and H Equities on this financing. The transaction supports a thoughtful capital improvement strategy that will enhance the property and position it well for long-term performance.”
Elliot Horowitz, Founder and CEO of H Equities, added: “We’re pleased to have partnered with OakNorth and 141 Capital Group on this transaction. The financing supports a well-defined enhancement strategy for the property and reflects our continued focus on backing experienced sponsors and quality real estate assets with strong long-term potential.”
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 $20bn 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 £40bn 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.co.uk for more information.
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