The borrower, an investor with a portfolio across the UK and Europe, has worked with Cohort for three years and currently has £10m of lending with the firm on other prime residential properties.

When the client’s private bank requested redemption of an existing loan, Cohort structured a solution that kept their strategy on track.

The loan is secured against a Grade II-listed property, valued at approximately £56m, that has recently undergone extensive refurbishment.

The house has 11 bedrooms and features a swimming pool, private outdoor terrace and garden areas.

Despite the property being vacant with no rental income to service the debt, Cohort said it took a “holistic view” of the borrower's net worth, existing relationship and proven track record.

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The LTV of 36% provided “sensible” leverage against the asset, the firm added.

From initial enquiry to completion, the deal was executed in three weeks.

Matt Thame, founder of Cohort Capital (pictured above), commented: “Our existing relationship with this borrower provided additional comfort, but the speed and certainty we delivered is how we approach every transaction.

“We're increasingly seeing clients who need to refinance loans held with private banks due to assets under management (AUM) requirements.

“Where banks require borrowers to pledge significant AUM alongside their lending, Cohort provides standalone financing based purely on the property and the borrower's capability. We have no such requirements attached to our loan offers."