After reaching the milestone of £250m in 2022, specialist lender Cohort Capital increased originations by 60% in 2023 to reach £400m of new bridge lending with loans made across Cohort’s bridge products.
This included unregulated residential, commercial, semi-commercial and development exit.
Deals include a £5.5m loan to support the acquisition of a residential property in Holland Park, a £11m refinance of a London Science Park and a £3.7m refinance of a care home in SW London.
Cohort was founded by debt finance specialist Matt Thame (pictured above), after identifying a shortage in the availability of flexible short-term finance.
With a background in property investment and development, and funded by private capital, Cohort can act flexibly and deliver finance quickly, with an average completion time of 14 days.
Not being reliant on traditional banking lines means that Cohort can provide funding certainty when other funders are retreating from the market.
Matt Thame, founder of Cohort Capital, commented: “While there have been economically challenging times throughout the year, 2023 proved to be a record year for Cohort Capital.
“Achieving this level of growth in a softening market indicates a growing market share for Cohort and the increasing relevance of our funding capabilities.
“Throughout 2023 we invested in key areas of the business such as rolling out our intermediary offering, building the team and pursuing high-quality credit opportunities.
“Looking forward to 2024 we remain selective on our origination plans and will continue with the expansion of our reliable funding products whilst remaining commercial and creative with our decisions.”
