- Loan amount
- 18 months
- Loan term
An architect approached Cohort Capital to refinance his existing bridge loan which he used to acquire the property. As with most planning led transactions – additional time was required. Cohort Capital understand that positive dialogue and constructive pre-applications can be attributed to the residual value, even when the property is unconsented. This experienced architect had worked up an intelligent scheme which will see an increase to the existing floor plate through a basement and rear extension, but also a new build block of high-end apartments along the built-up frontage.
Cohort Capital offered to refinance the existing lender, and at a reduced rate of interest than the outgoing lender. Re-bridging a bridge, especially on a site with no planning is not an easy ask – something competing lenders might struggle with.
Our borrower noted;
“After many years in dealing with real estate lenders, this is the best experience I have had in discussing and closing a loan facility. Matt took a pragmatic view on issues; it was fast and was on very competitive terms too.”