Challenger bank OakNorth lends £21m to Strawberry Star for Wandsworth development

Strawberry Star secures sweet deal of £21m from challenger bank OakNorth, to fund the build of new development Bronze.

“Wandsworth is one of London’s most popular areas and is in desperate need of new homes – the borough requires 18,000 new homes a year until 2025 to keep up with demand,” said Santhosh Gowda, Strawberry Star’s property mogul founder and chairman.

OakNorth is a UK bank launching in 2015, which aims to provide fast and flexible debt financing. It has raised more than £115m of equity capital, raised retail deposits from more than 15,000 savers and grown its loan book to in excess of £710m.

Read full article


Source: Lucy White, CityAM