RAW Insight

OakNorth Bank completes £20M loan to RAW

OakNorth Bank – the UK bank powered by OakNorth – has provided a £20m loan to the RAW Mortgage Fund, a specialist fund providing buy-to-let property loans against residential real estate in the UK.

Founded in May 2015, the RAW Mortgage Fund will use the finance from OakNorth as a liquidity line. The Fund, which has originated over 200 loans since launch at an average valuation of only 48%, aims to provide an attractive and consistent level of dividend income or capital growth through direct mortgage lending on UK residential buy-to-let properties.

Its loans are originated, serviced and actively managed by, RAW Capital Partners, an innovative Guernsey-based asset management group which offers two funds: the RAW Mortgage Fund and the RAW Sterling Cash Deposit Fund – a high interest, highly diversified bank deposit fund which invests solely in a range of bank deposits and certificates of deposit with high-quality banking institutions.

Full article in Business Leader here

Law firm Collas Crill acted for RAW Capital Partners and the RAW Mortgage Fund assisting with securing the finance facility from OakNorth Bank Plc

Collas Crill assists RAW article here