Boutique lender Cohort Capital has agreed a £9.1m loan with an unnamed high-net-worth family for the purchase of the historic Chilham Castle in Kent, which was formerly inhabited by a number of members of the royal family, including King Henry VIII.
The loan on the 300-acre estate, which consists of a large Jacobean house and a medieval castle dating back to 1174, was agreed at 60% LTV.
The new owners of the estate have purchased it with a view to exploring possible alternative uses.
Matt Thame, founder of Cohort Capital, said: “It’s rare to come across a property as unique as Chilham Castle. Financing its purchase certainly provided its challenges, but also proves the advantages of smaller, specialist lending teams in quickly agreeing terms for atypical assets. With such a rich and deep history, the property lends itself well to a number of possible alternative uses.”
