Cohort Capital set to end Q4 with record £40m in loan completions

Cohort Capital is set to finish Q4 2021 with a record £40m in loan completions.

The specialist lender provided £20m of multi-asset loans across UK real estate in November, with a further £20m committed and in legals to complete by the end of the year.  

The announcement marks Cohort’s strongest period since being founded in December 2018.

“2021 has been a very strong year for Cohort, particularly in loan originations,” said Matt Thame, CEO and co-founder of Cohort Capital.

“Going into 2022, our focus is on growing the team to further develop the lending platform and help establish Cohort as a market leader. 

“We also have a strong pipeline of deal flow to close over the coming months, and we are excited to partner with more borrowers, developers and debt advisers going forward.” 

Among the finance provider’s recently completed deals was a £7.6m loan to Ciel Capital against the Ibis Hotel in Bristol. 

Vedrana Riley, CEO at Ciel Capital, commented: “Cohort underwrote and agreed the transaction within hours of our introductory phone call; having a debt partner that is run and backed by equally experienced property investors makes the debt raise incredibly straightforward. 

“It is our debut transaction with Cohort, and we plan on partnering for our next acquisition.” 

Cohort — which believes the speculative planning space is a considerably underserved market — also completed two transactions for planning-focused strategies on brownfield and infill sites.

One of which was a £5.2m loan at 60% LTV near Ravenscourt Park, Hammersmith, with the other a £5.3m deal at 65% LTV for a speculative development situated off the Kings Road in Chelsea. 

The facilities attracted a blended rate of 8.50% per annum.

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