Portman Square, Marylebone
- Loan amount
- 12 months
- Loan term
Cohort Capital have completed a £4.5 million short term loan to a European based hotelier who required the funds to cover operational costs for their hotel group.
The deal was finalised in just 3 weeks from the original enquiry, after the borrower had approached other bridging lenders and banks but failed to secure loans due to a sub-70-year lease.
Cohort Capital were able to understand the lease premium and our lending position meant that Cohort Capital could serve the relevant notices to the freeholder.