- Sarah Morris
Alternative lender, Cohort Capital has closed its largest single loan origination to date of £24 million. The multi-asset facility was secured against a private collection of classic cars, for an ultra-high net worth individual based in the Channel Islands.
Cohort Capital, which began trading in 2019, is founded by property finance expert Matt Thame and is backed by Balbinder Sohal, who is chairman of the SevenCapital Group and co-owner of Cynergy Bank.
Demonstrating its strong reputation for being flexible and opportunistic when funding viable alternate transactions, Cohort Capital structured the loan through an asset purchase arrangement across the high-end vehicles, which was also cross-collateralized with industrial and residential real estate.
As a direct result of Cohort Capital’s involvement, the borrower now has sufficient headroom, with regards to liquidity and timescales, to focus on their core business interests.
Matt Thame, founder of Cohort Capital, said:
The strong rebound in demand for alternative high-end assets has reinforced our confidence in transactions like this one, where we are seeing high volumes of high-net-worth liquidity flowing into luxury assets. It’s a combination of pent-up demand following Covid-19 lockdowns, supply chain disruptions in the first-hand car markets and low supply of traditional investment opportunities; like real estate. Due to Cohort Capital’s robust business model and industry know-how, we can work with operators and borrowers who require creative, quick and competitive debt funding solutions.
This proven approach means that when a high-end asset request comes in from our solicitors, accountants, brokers or introducers, Cohort Capital is perfectly placed to holistically approach the valuation, underwrite and execution. We are pleased to have been able to successfully support the borrower and facilitate this transaction.
Built to fund and service the real estate lending market across Birmingham and the south, demand for Cohort Capital’s lending service within the luxury and high-end asset market continues to grow at an unprecedented rate.