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Cohort Capital has funded a £20m bridging loan to support the acquisition of The Lancaster, a Grade II-listed hotel overlooking Hyde Park in central London.
The 54-room property, designed by a British architect in the mid-19th Century, spans more than 41,000 sq ft and is regarded as a significant redevelopment opportunity.
The new owner is assessing several potential schemes, including conversion into a 67-bedroom boutique hotel, a 64-unit serviced apartment development, or a private members’ club.
The transaction, which was completed within three weeks, also supported the borrower’s negotiations on the acquisition price, bringing Cohort Capital’s total loan book to £740m.
Matt Thame, founder of Cohort Capital, said: “This type of bridging finance exemplifies Cohort Capital’s ability to navigate high-value assets in core London locations while delivering efficient and tailored funding solutions.
“On the same day terms were signed, our team issued instructions to valuers and key stakeholders, enabling the loan to proceed swiftly and within the borrower’s required timeframe.”
A spokesperson for the borrower added: “We required a reliable funding partner to support a competitively priced acquisition in a prime location, and Cohort Capital delivered. The transaction was secured and completed within three weeks, with clear communication and swift execution throughout.”
Cohort Capital has funded a £20m bridging loan to support the acquisition of The Lancaster, a Grade II-listed hotel overlooking Hyde Park in central London.
The 54-room property, designed by a British architect in the mid-19th Century, spans more than 41,000 sq ft and is regarded as a significant redevelopment opportunity.
The new owner is assessing several potential schemes, including conversion into a 67-bedroom boutique hotel, a 64-unit serviced apartment development, or a private members’ club.
The transaction, which was completed within three weeks, also supported the borrower’s negotiations on the acquisition price, bringing Cohort Capital’s total loan book to £740m.
Matt Thame, founder of Cohort Capital, said: “This type of bridging finance exemplifies Cohort Capital’s ability to navigate high-value assets in core London locations while delivering efficient and tailored funding solutions.
“On the same day terms were signed, our team issued instructions to valuers and key stakeholders, enabling the loan to proceed swiftly and within the borrower’s required timeframe.”
A spokesperson for the borrower added: “We required a reliable funding partner to support a competitively priced acquisition in a prime location, and Cohort Capital delivered. The transaction was secured and completed within three weeks, with clear communication and swift execution throughout.”
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It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making
The point of using Lorem Ipsum is that it has a more-or-less normal distribution of letters, as opposed to using ‘Content here, content here’, making it look like readable English. Many desktop publishing packages and web page editors now use Lorem Ipsum as their default model text, and a search for ‘lorem ipsum’ will uncover many web sites still in their infancy.
It is a long established fact that a reader will be distracted by the readable content of a page when looking at its layout. The point of using Lorem Ipsum is that it has a more-or-less normal distribution
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