A £12.4m 12-month bridging loan secured against a prime property on Charles Street, Mayfair which was being acquired for £20m.
The nine-bedroom property is almost 14,000 sq ft and includes a cinema, gym, wine cellar and a swimming pool.
The borrower sought Cohort Capital’s assistance after facing delays with their previous lender, which jeopardised the completion of the purchase — Cohort provided the funding in just under 10 days.
Matt Thame, co-founder of Cohort, commented: “We are ideally positioned to deploy capital into private credit transactions, particularly those underserved by flexible and experienced private capital.”
