Specialist lender Cohort Capital increased originations by 60% in 2023, racking up £400m of new bridge lending – a record year for the business.
The loans were made across Cohort’s bridge products of unregulated residential, commercial, semi-commercial and development exit.
Key deals included a £5.5m loan to support the acquisition of a residential property in Holland Park, the £11m refinance of a London science park and the £3.7m refinance of a care home in South West London.
Matt Thame (pictured), founder of Cohort Capital, said: “Whilst there were economically challenging times throughout the year, 2023 proved to be a record year for Cohort Capital – we supported property companies and professionals across the UK with £400m in funding, a 60% increase on 2022. Achieving this level of growth in a softening market indicates a growing market share for Cohort and the increasing relevance of our funding capabilities.
“Throughout 2023 we invested in key areas of the business such as rolling out our intermediary offering, building the team and pursuing high-quality credit opportunities. In 2024 we remain selective on our origination plans and will continue with the expansion of our reliable funding products whilst remaining commercial and creative with our decisions.”
