£9m Bridging Loan in London for Prime Mayfair Apartment, Upper Grosvenor Street

Cohort Capital provided a £9m bridging loan in London for a substantial 4,500 sq ft ground and lower ground floor apartment on Upper Grosvenor Street. The property forms part of a mid-terrace period building originally constructed circa 1750, arranged over lower ground, ground and five upper floors.

The apartment comprises four bedrooms, a dining room, separate reception room, study and kitchen, and benefits from high ceilings, lift access and two private courtyards.

The sponsor required the loan to refinance an existing facility. Cohort Capital structured a first charge bridging loan, alongside a second charge facility secured against an additional residential property, with the two loans cross-collateralised. This structure ensures that any disposal or refinancing of the second charge asset directly reduces the Upper Grosvenor Street loan.

Both properties are scheduled for sale in early 2026 through an agent well known to Cohort Capital. In addition, the borrower anticipates liquidity events in 2026, including the sale of a business, providing further support to the exit strategy.

The property sits on Upper Grosvenor Street in Mayfair, a prime central London location with high-value period residential stock and sustained buyer demand. The area benefits from strong transport links, proximity to Hyde Park and Bond Street, and a historically liquid market for super-prime residential assets, supporting the borrower’s exit strategy.

Cohort Capital successfully delivered a bespoke bridging loan in London for a prime asset with complex legal and leasehold considerations, enabling the sponsor to refinance existing debt while maintaining flexibility ahead of sale. The cross-collateralised structure and tailored facility terms delivered a robust efficient outcome aligned with the borrower’s requirements.

This transaction demonstrates Cohort Capital’s ability to structure flexible, pragmatic solutions for prime assets, even where complexity exists across security and exit. By taking a holistic view of the borrower’s position, Cohort was able to deliver certainty of funding while preserving flexibility ahead of sale.