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 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.

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.

In a lending climate where many financial institutions are cautious or hesitant to provide funding, Cohort Capital stands out as a reliable and steadfast partner. We understand the importance of reliable funding in driving business success and are proud to support our clients’ aspirations with our efficient loan process.

Cohort Capital provided an acquisition facility of £22m at 60% LTV for the purchase of 50 Brook Green, W6 7BJ, a 40,000 sqft office asset, formerly a school which now has planning for 33 high-end residential apartments.

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.