2 min read

Cohort Capital completes £12.4m loan for the acquisition of a prime residential property in Mayfair in just under 10 days.

The borrower sought Cohort Capital's assistance after facing delays with their previous lender, which jeopardised the completion of the purchase. Cohort Capital provided the necessary funds in just under 10 days, giving the borrowers the time needed to acquire the property.

The 12-month bridging loan, has been secured against a prime property on Charles Street, Mayfair which was being acquired for £20m. The nine-bedroom residence spans nearly 14,000 square feet and boasts amenities including a cinema, gym, wine cellar, and swimming pool.

The borrower sought Cohort Capital’s assistance after facing delays with their previous lender, which jeopardised the completion of the purchase. Cohort Capital provided the necessary funds in just under 10 days, giving the borrowers the time needed to acquire the property.

Matt Thame, Co-Founder of Cohort commented, ‘Our ability to be flexible in situations such as these is what sets us apart.

Unlike traditional lenders who are constrained by stringent due diligence processes and funding line controls, our access to discretionary capital allows us to make swift, independent decisions. We are ideally positioned to deploy capital into private credit transactions, particularly those underserved by flexible and experienced private capital. If you are facing similar challenges, we encourage you to reach out to us.”

Related Articles you may like

Cohort Capital completes £12.4m loan for the acquisition of a prime residential property in Mayfair in just under 10 days.

The borrower sought Cohort Capital's assistance after facing delays with their previous lender, which jeopardised the completion of the purchase. Cohort Capital provided the necessary funds in just under 10 days, giving the borrowers the time needed to acquire the property.

Cohort Capital saves developers £3m deposit with £18m acquisition facility

The developer exchanged on the property in February, after securing a competitive entry price. On the day of completion, however, their initial lender withdrew their support due to funding line constraints, leaving the borrower in need of completion monies urgently. Notice to complete was served, Cohort received the enquiry the same day and completed the £18m loan in 8 days – 2 days before the developer was due to lose their £3m deposit and transaction costs.

Cohort Capital completes £1m second charge bridge in East London

The borrowers who have an extensive background in property, approached Cohort looking for a quick equity release to have sufficient capital available to acquire two target sites that require a cash purchase at auction. Cohort Capital provided the borrowers with a loan for 12 months at an LTV of 70%, completed in time to move forward with their subsequent purchase.
Bring your opportunity,
and we’ll work with you to make it happen.