0

Cohort Capital completes £3.82m bridging loan in 10 days




Cohort Capital has completed a £3.82m facility to support the acquisition of a commercial asset in London with planning consent for the development of 42 residential units.

<

p>The borrower faced a purchase deadline, with limited time to arrange funding after their original financing route was delayed, Cohort then moved from initial enquiry to full completion in 10 days,

The 72% LTV loan was designed to give the borrower flexibility while securing a prime asset with long-term development potential. The deal was completed efficiently due to prompt provision of KYC, property, and corporate information by the borrower said Cohort.

Matt Thame, co-founder of Cohort Capital, commented: "The borrower was a pleasure to work with and played a key role in the smooth execution. We’re proud to support experienced developers in high-pressure situations, and we look forward to building on this relationship with future projects."

Leave a comment