Blog
18.11.2022
What next for new partners ASK and OakNorth Bank?
In October 2022, ASK and OakNorth Bank announced a corporate transaction whereby OakNorth acquired a 50% stake in ASK.
The transaction has cemented a long-standing and successful working relationship
The companies have worked closely for five years, completing many transactions together
Both share a desire to delight and deliver for customers
Both have flexible approaches to funding and are agile with an entrepreneurial approach
Both are at different points in the capital stack which creates a great synergy and no competition between their sets of capital
To discuss the rationale behind this transaction and how they plan to navigate the challenging economic times as partners, Daniel Austin, ASK’s CEO and Co-founder, and Ben Barbanel, OakNorth Bank’s Head of Debt Finance, hosted a webinar for clients and investors.
Here are some of their responses to key questions raised during the webinar:
Insights
11.11.2022
How will BTR fare in the current economic environment?
ASK’s CEO and Co-founder Daniel Austin comments in Property Week on the impact of rising debt costs and widening yields on investor appetite for the sector.
News
11.10.2022
Press Statement: ASK sells 50% stake to OakNorth Bank
ASK Partners and OakNorth Bank have announced today, 11th October 2022, a corporate transaction with regulatory approval whereby OakNorth Bank has purchased 50% of ASK shares.
News
05.12.2022
ASK features in Real Estate Capital’s Small Ticket Lenders Guide 2022
ASK is delighted to feature in the 2022 edition of Real Estate Capital’s Small Ticket Lenders Guide. The guide includes challenger banks, specialist non-bank lenders and online finance platforms active in the European real estate lending market and offering loans in the €1-20m bracket.
News
29.11.2022
Solihull three phase development completed
The Broadoaks development in Solihull, delivered by Investin plc and Bespoke Construction Ltd, and funded by ASK, is now complete.
The 3.4-acre site, formerly occupied by an 84,000 sq ft office building, has been transformed into a stunning residential scheme of 181 high-specification apartments and nine townhouses.
Blog
22.09.2022
ASK’s journey to a billion
ASK was established in late 2016 to provide alternative finance options to professional property investors and developers no longer served by traditional bank lenders. The company wrote its first loan in March 2017; a £2.2m development exit loan secured against a completed residential development in Mill Hill, London. By August 2022 the company had written loans totalling £1bn.
Insights
30.08.2022
Listen to Josh Weinstein, ASK’s head of institutional markets on lending in a rising interest rate environment
In this podcast for REnews.media, Josh Weinstein discusses crucial components of the lending process with Kevin Mofid, head of EMEA industrial logistics research at Savills.
