Dutch commercial real estate lender launches using OakNorth tech

By Daniel Lanyon on 3rd February 2020

Alternative Lending

The Netherlands based OIMIO says it will be providing finance for the 'underserved' small and medium-sized commercial real estate market.

Dutch commercial real estate lender launches using OakNorth tech
Image source: OakNorth

OIMIO, a commercial real estate lending platform, will deploy OakNorth’s “next-generation” credit platform ahead of its launch.

Targeting loans between €1m-10m, OIMIO says it will focus on small and medium-sized real estate investors in the same way as larger clients “by leveraging machine learning, credit science and cutting-edge data analytics technology.” 

Rishi Khosla, co-founder of OakNorth, said: “We know from leveraging the Platform via OakNorth Bank in the UK, that the positive multiplier effect of supporting small and medium-sized businesses is substantial.” 

He adds that OakNorth Bank has lent $5bn and through licensing its platform to other banks and lenders around the world, it is enabling them to replicate what OakNorth Bank has achieved in the UK,  

Jeroen Belt, founder of OIMIO, said: “Small and medium-sized commercial real estate investors need a partner they can trust who can provide them with finance from €1 million to €10 million that is customized to their unique needs quickly. 

"Through deploying OakNorth’s Platform we hope to achieve a similar positive impact OakNorth Bank has had in the UK.” 

 

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