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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 […]
OakNorth provides $18.4m note-on-note facility to S3 Capital to support major new residential scheme in Upper East Side, Manhattan
Founded in 2013 by Joshua Crane and Robert Schwartz, S3 Capital is a New York-based lending platform and the private lending arm of Spruce Capital Partners; Specializing in small balance loans under $20m and large balance loans up to $250m, S3 Capital has successfully lent over $5b across 600+ transactions to date; The $18.4m note-on-note […]