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TWO SUPER-FAST PROPERTY LOAN COMPLETIONS HIT £5 MILLION MARK
- Name
- Sarah Morris
Specialist real estate lender, Cohort Capital has completed two super-fast property loans, worth a combined £5 million.
The first transaction, a loan size of £2.75 million, was required within a matter of days to assist with a business acquisition in the technology sector. Instead of going down the arduous route of a traditional leveraged buy-out, Cohort secured the acquisition facility against a high end apartment in Mayfair. It took Cohort four days to fund the deal.
Cohort Capital has also provided a £2.4 million development exit loan against six new build houses situated in East London at 75% loan-to-value. With difficulties being experienced by the property developer when another bridge lender failed to transact during the time frame, Cohort Capital successfully stepped in and refinanced the existing lender within five days – saving the developers properties from going into receivership.
Matt Thame, founder of Cohort Capital, said:
We have had a strong start to the year as a business and it’s great to hear that our reputation in the market is growing. Our property and banking background meant we were uniquely placed to agree and fund property transactions within days, successfully stepping in to support these projects when other means were proving difficult.
Cohort Capital works with borrowers, developers and landlords who have struggled with bank inefficiencies and credit policies within the £1m-£25m loan size space. Able to underwrite and structure each transaction in the most efficient and secure way, Cohort Capital offers a unique positioning for the alternative lending industry. View previous property finance deals here.
