OakNorth

We’re thrilled to provide a $28M note-on-note facility for Oak Funding, a dynamic real estate lending platform based in New Jersey. Founded in 2022, Oak Funding has built a reputation for fast, flexible, and confident deal execution in U.S. commercial real estate. Our funding will support the acquisition of 500 Plaza, an 11-story, 466k sq. ft Class A office building in Secaucus, NJ—featuring a stunning atrium, fitness center, executive conference spaces, and more. Max Saidman, Director of Debt Finance at OakNorth, added: “As a direct result of Jeremy and Mark’s leadership, Oak Funding has developed a strong track record of financing commercial real estate assets across New Jersey. With the region’s commercial office sector set for growth this year, driven by a significant increase in leasing activity, this highly impressive site is in a perfect position to capitalize on this tailwind." Read more: https://lnkd.in/ee7_kdCr

Entrepreneurs are the driving force behind innovation, progress, and economic growth. As a bank built for entrepreneurs by entrepreneurs, we know the importance of backing ambitious businesses. Great to see initiatives like Project Europe helping the next generation scale their ideas and shape the future—proud to see our Co-founder and CEO, Rishi Khosla, supporting this mission.

We’re taking a major step forward in supporting US lower mid-market businesses with the acquisition of Michigan-based Community Unity Bank (CUB), subject to regulatory approval. Since launching in the US in July 2023, we’ve provided over $700m in lending to businesses, building significant momentum and expanding our footprint in the market. As our CEO and Co-founder, Rishi Khosla, put it: “Demand from US borrowers continues to be exceptionally strong and our differentiated offering and unique approach to lending has enabled us to rapidly establish a strong presence in the US market, resulting in us lending c.3x our initial expectations. As a founder-led business built by entrepreneurs, CUB appealed to us as it shares a lot of our same values with regards to customer experience. These values are reflected in its customer feedback, as well as its strong company culture.” With a shared commitment to businesses and entrepreneurs, CUB is the perfect partner for our next phase of US expansion. Read more: https://lnkd.in/eXgdQhRk

Deepesh Thakrar, Senior Director, Debt Finance, is heading to the International Hospitality Investment Forum (IHIF) 2025! From 31 March - 2 April, Deepesh will be in Berlin connecting with hospitality investors, developers, and operators to discuss the opportunities and challenges shaping the industry. At OakNorth, we’ve worked with some of the UK’s most recognised hospitality brands—providing bespoke funding solutions to help them expand, invest, and evolve. If you’re attending IHIF and want to chat about financing your next project, Deepesh would love to connect. Please drop a comment below or reach out to him directly. #IHIFEMEA25

A special moment for us at OakNorth - our name up in lights at the NYSE ✨ The NYSE congratulated us on surpassing $270 million in profitability in 2024, a milestone made possible by the ambitious businesses we support and the team bringing our mission to life every day. Our focus has always been on helping scaling businesses thrive, and this recognition reflects the impact we’re making together. We’re just getting started!

March signals a shift - longer days, fresh momentum, and a renewed focus on what’s ahead. This month’s newsletter is packed with insights to help you scale with confidence: 1️⃣ Growth in focus: Lessons from female founders on scaling successfully. 2️⃣ Lending spotlight: How our latest deals are fuelling business expansion. 3️⃣ Simplified banking: Free, unlimited accounts for multiple business entities - all under one login. 4️⃣ Giving back: Support your network and donate to charity with our business banking referral programme. Read the full newsletter now.

Last week, we asked about corporate debit card benefits, and your insights were invaluable. This week, we’re keen to learn more about the tools that power your business.

Managing multiple businesses just got easier! Introducing multi-company accounts to OakNorth Business Banking - free to use with no limit on the number of accounts you can open. This game-changing addition will simplify your business finances with: ✅ One login for everything: Manage all your companies’ accounts without juggling multiple credentials. ✅ Seamless switching: Easily move between business accounts to approve payments, check balances, and more. ✅ Quick setup and flexible permissions: Add new accounts (at no cost) easily and set user roles for each entity to fit your operations. Available on mobile and web - watch the below video to see how it works, or apply for your first account now: https://lnkd.in/eDj63eFn

Scaling a business is no small feat, and the female founders we work with continue to set the bar high. Their ambition, resilience, and leadership speak for themselves. With International Women’s Day around the corner, IFA Magazine has spotlighted some of the brilliant women leading the way in scaling their businesses - including Nisha Katona (Mowgli Street Food), Ella Mills (Deliciously Ella), Tracey Storey (Melrose Education Limited), and Sophie Lawler (Total Fitness). We’re proud to support them on their growth journeys! Check out the piece here: https://lnkd.in/evNKzhy6 #Entrepreneurship #ScalingBusinesses #Leadership #IWD2025

Our 2024 Annual Report has landed – marking another year of strong business growth and social impact. In 2024, we provided £2.1bn in gross new lending, bringing our total facilities to date to £12.5bn. Since mid-2023, we've lent $700m to entrepreneurial businesses in the US while continuing to support businesses across the UK. Beyond financing, our support is driving real impact – helping create 56,000 jobs and delivering 34,000 new homes, the majority of which are affordable housing. As we continue to invest in our business banking proposition and expand in the US, we remain committed to empowering ambitious businesses. Whether you're looking for a lending partner to fuel your next phase of growth or a business bank that truly understands your needs, we're here to help. Swipe through for the highlights or download the full report here: https://lnkd.in/eJB4Dmq2