OakNorth Bank provides £50m loan for retirement living rental portfolio

Damien Hughes, OakNorth Bank senior property finance director

OakNorth Bank has provided a £50m loan to support Brigid Investments in financing McCarthy Stone’s UK retirement living rental portfolio. Brigid Investments is a special purpose vehicle formed by John Laing and Macquarie Capital. In April, McCarthy Stone entered into an agreement with the infrastructure investors to secure £200m. The capital from OakNorth will support…

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