- Founded in 2017 and headquartered in New York City, Lionheart Strategic Management LLC is a full-service alternative asset investment manager;
- To date, the firm has raised over $2b in investor commitments for various real estate strategies and has deployed over $1b of capital;
- The $83.5m loan from OakNorth will support the development of The Bridge, a 101-unit luxury condominium scheme in Mineola, Long Island;
- Located just a short walk from Mineola LIRR station, residents will benefit from direct rail connections to Manhattan in approximately 35 minutes.
NYC, US, 7th July, 2026;Â OakNorth, the digital bank for entrepreneurs, by entrepreneurs, has provided an $83.5m note-on-note facility to Lionheart Strategic Management LLC to support the development of The Bridge, a nine-story, 101-unit luxury condominium development in Mineola, New York.
Founded in 2017, Lionheart Strategic Management is the SEC-registered investment management affiliate of Fisher Brothers and specializes in real estate credit investments across leading U.S. markets. Since inception, the firm has raised more than $2bn in investor commitments, deployed over $1bn of capital and supported more than $7bn of total real estate capitalization across a diversified portfolio.
The financing will support the development of a Class A residential scheme comprising one, two and three-bedroom condominiums, together with penthouse accommodation, resident amenities including a fitness center, theatre, swimming pool, sauna and concierge services, 161 parking spaces, and associated storage and cabana facilities. The development occupies a prime site in downtown Mineola, just steps from the Long Island Railroad station, providing direct access to Manhattan in approximately 35 minutes. The development is expected to meet growing demand from professionals commuting into New York City, as well as local homeowners seeking to downsize into high-quality condominium accommodation.
Jake Misisco, Director of Investments at Lionheart Strategic Management LLC, commented on the transaction: “The Bridge represents an exceptional opportunity to deliver a high-quality residential development in one of Long Island’s most attractive commuter markets, where demand continues to outpace supply. We are pleased to be partnering with OakNorth on this transaction. Their ability to understand complex development opportunities and execute quickly made them an excellent financing partner, and we look forward to building on this relationship.”
Dylan Jagjivan, Director of Debt Finance at OakNorth, added: “Lionheart has established itself as one of the leading real estate investment managers in the U.S., backed by an exceptionally experienced team and a strong track record across residential development lending. The Bridge combines an experienced sponsor, a compelling location with excellent transport links into Manhattan, and favorable market dynamics underpinned by constrained future supply. We’re delighted to support Lionheart on this transaction and look forward to growing our relationship as they continue to expand their lending platform.”
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 $22bn 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.com for more information.