Cohort Capital extended a £20 million bridging loan to support the acquisition of the headlease, airspace lease, 6 residential apartments, 5 car parking spaces and commercial space within a property on Park Lane, Mayfair. The funding formed a part of the £75 million purchase price, with the borrower contributing a large portion of their own capital.

The borrower had already purchased several units along the same street previously.  The new purchase included two penthouse apartments in the building that the borrower plans to refurbish and had planning permission to extend the properties by adding a new floor to create an additional 4,000 sqft of residential space.

The purchase involved a complex title structure, which many lenders would struggle to get comfortable with.

Bal Sohal, Co-Founder of Cohort Capital, commented, ‘There is a real gap in the market for lenders who can offer a high level of adaptability. Our ability to navigate complex transactions and provide tailored solutions to HNWIs sets us apart and I’m pleased that we were able to do this for the client.’