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 and King Street Capital Management provide £171m loan for refinancing of Arlington House, St James’s

Arlington House, originally constructed in 1936, is a landmark 10-story freehold building with direct frontage onto Green Park. The property consists of 110 residential units with basement parking and a ground-floor restaurant, Arlington, which was previously home to the renowned Le Caprice.

How bridging finance can be used as a tool for wealth management and creation

For property investors looking to generate and manage their wealth, bridging finance offers a versatile and effective tool that provides greater flexibility, speed, and access to funding than many traditional banking methods.

Why bridging is shaking up the lending landscape

In recent years, the demand for alternative lending has surged as traditional banks have become more risk-averse, tightening their lending criteria and retreating from the market.
Bring your opportunity,
and we’ll work with you to make it happen.