Notting Hill, London
- £6m
- Loan amount
- 12 months
- Loan term
- 75%
- Loan-to-Value
High-end residential lending above 60% LTV is a market not well served by banks and alternative debt providers. Cohort Capital was presented with a newly developed Mews scheme – which was made up of five houses.
Three out of the five houses had been sold at the asking price, the remaining 2 units were offered to us as security to enable a refinance of the development debt. The facility enabled the developer to have a lengthy marketing period to achieve best value for the properties.
To date this was the quickest facility we have completed – from initial enquiry to completion, it took us just five days.
