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OakNorth provides $26m note-on-note facility to SME Capital Ventures to support major new residential scheme in Chelsea, Manhattan
Founded in 2012, SME Capital Ventures is a New York-based private investment firm that manages capital for high-net-worth individuals and institutions; Since inception, the firm has maintained a detail-oriented approach to underwriting, using a combination of fundamental and technical analysis to identify discounted and deep-value acquisition opportunities; The $26m note-on-note loan from OakNorth will be used […]
Virginia-based real estate investor, Rooney Properties, to acquire Class A commercial office building in Arlington, following $15.5m loan from OakNorth
Established in 2013, Rooney Properties is a privately held real estate development company located in Arlington, Virginia; Its team have extensive experience underwriting, acquiring, entitling and developing commercial real estate across the Washington DC metro area; The $15.5m loan from OakNorth will be used to support the acquisition of a nine-story, 197k sq. ft Class […]
OakNorth surpasses $1bn in lending to US businesses since July 2023
OakNorth began lending in the US in July 2023, supporting both US lower mid-market businesses, as well as UK/US lower mid-market businesses with their expansion. New York, 02 May, 2025: OakNorth, the leading digital bank for entrepreneurs, by entrepreneurs, has surpassed $1bn of lending in the US since it began lending there in July 2023, […]
OakNorth provides $28m note-on-note facility to Oak Funding to support the acquisition of a Class A commercial office building in Secaucus, New Jersey
Co-founded in 2022 by Jeremy Levart and Mark Meisner, Oak Funding is a New Jersey-based real estate lending platform; The $28m note-on-note loan from OakNorth will be used to support the acquisition of an 11-story, 466k sq. ft Class A commercial office building in Secaucus; New Jersey’s commercial office sector is set for further growth […]
OakNorth deepens support for US lower mid-market businesses with acquisition of Michigan-based, Community Unity Bank
Since it began operating in the US in July 2023, OakNorth has lent over $700m to the lower mid-market Monday 17th March, 2025: OakNorth, the leading commercial digital bank for entrepreneurs by entrepreneurs, today announces that it has agreed to purchase Community Unity Bank (CUB), the home-grown, FDIC-insured community bank based in Birmingham, Michigan, in a stock for stock […]
OakNorth pre-tax profits surge to £215m ($272m) as it surpasses £12.5bn ($15.7bn) in lending and continues its US expansion
OakNorth surpassed £2.1bn ($2.6bn) in gross lending in 2024, fuelled by significant demand for its offering in the US, where it has lent $700m. Thursday 6th March, 2025; OakNorth – the leading digital bank for entrepreneurs, by entrepreneurs – today publishes its latest Annual Report, revealing pre-tax profits of £214.8m ($271.6m) in 2024 (FY23 £187.3m / $236.8m)[1]. OakNorth provided […]