OakNorth Bank.
Rebecca Wayman

OakNorth completes £30m facilitating loan to aid newly launched SME lending platform

OakNorth has completed its first finance deal with Hilltop Credit Partners.

The company is a specialist funding partner for small and mid-sized residential property developers and housebuilders.

The £30m loan-on-loan facility will be used to support the recently launched real estate development lending platform, led by Paul Oberschneider, who has more than 25 years of experience in property development and asset management.

Mohith Sondhi, debt finance director at OakNorth, said: “Our deep knowledge of the sector and ability to provide an attractive financing package tailored to Hilltop’s requirements, helped us to distinguish ourselves throughout the competitive process.

“We look forward to building further on our partnership with Hilltop Credit Partners, which was founded and is run by developers with more than 25 years [of] experience working through market cycles.

“Combined with Round Hill Capital’s commitment and expertise in this space, Hilltop understands what it’s like to be in the developer’s shoes and how important it is to react to the inevitable market changes that can occur during a project.”

Backed by Round Hill Capital, a global real estate investment firm with a focus on macro-driven residential real estate investment strategies, Hilltop Credit Partners aims to help developers who need access to tailored financing solutions to fund projects.

Over the past three decades, Hilltop’s experienced management team, which is made up of former developers, have originated and managed value-add and opportunistic residential deals through several market cycles.

Looking to promote your product or service? Bdaily Marketing can help you reach a regional business audience. Request our latest Media Pack →

Our Partners

Join the discussion as a guest or using , or Google

Top Ten Most Read