Saxon Trust, known for its diverse product offerings from bridging loans, refurbs, conversions to ground-up development projects and development exits, has successfully secured a £35m funding facility from OakNorth.

This strategic move aims to bolster Saxon’s position in the market, especially as other firms retract from the mid-market segment.

Brian West, the Head of Sales and Marketing at Saxon Trust, expressed his gratitude towards OakNorth for recognizing the diversity of Saxon’s offerings.

Mohith Sondhi, the Senior Director of Debt Finance at OakNorth, highlighted the promising partnership with Saxon, commending the latter’s impressive track record since its inception in 2006. Both parties are optimistic about the collaboration and the potential growth it promises for Saxon Trust.