Ibis Bristol, Temple Meads Quay
- Loan amount
- 12 months
- Loan term
When the buyers traditional debt funder failed to perform on a senior loan, the real estate private equity firm, who exchanged on the hotel, was left without a debt partner for the acquisition.
Cohort Capital underwrote the deal and provided credit backed terms for the acquisition loan within hours of the initial enquiry, with legals instructed 24 hours later.
Cohort Capital underwrote and agreed the transaction within hours of our introductory phone call. Having a debt partner who is run and backed by an equally experienced property investor helped to make the debt raise incredibly straightforward. It is our debut transaction with Cohort Capital, and we plan on partnering with them on our next acquisition. For any developer or operator aiming to turn transactions around within weeks, which of course helps negotiate the entry price, Cohort Capital is the go-to lender.