Faes & Co. builds and invests in technology-enabled direct lending businesses, and manages Faes & Co Income Fund which is a private credit fund for accredited investors.

In early 2023, the firm launched real estate bridging investment firm, F2 Finance, which is now actively lending in 13 states across the US, including across markets such as California, Texas and Florida.

The loan from OakNorth will allow the firm to continue expanding its lending activities in the sector, which in 2022 was estimated to be $40-50bn a year in annual originations.

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Christian Faes, CEO at Faes & Co commented: “Real estate bridging finance is a domain that we know extremely well, and I have personally been involved in the sector for almost two decades.

“We are excited to be building a relationship with OakNorth as they too have deep domain expertise with real estate lending and are a group that is entrepreneurial and aligned to our values as a firm.”

Dylan Jagjivan, associate director of debt finance at OakNorth commented: “This transaction represented the opportunity to support a highly experienced team, as they expand in the US market.

“Faes & Co has an unrivalled track record in the real estate bridging finance sector, and is a market that we specialize in at OakNorth.

“We are delighted to be able to support such an entrepreneurial and ambitious business and look forward to supporting them on more growth projects in the future.”