Specialist property lender Cohort Capital has closed a £5.5 million loan for an unnamed high net worth individual to purchase Simon Cowell’s 6-bedroom mansion located in the A-list Holland Park neighborhood in London.
The deal was agreed in just 4 business days, proving Cohort Capital’s flexible and efficient approach to financing within tight deadlines.
Although the property had previously been valued in the media as high as £45 million, the final sale price was £15 million, reflecting market headwinds and high interest rates.
The historic Georgian property sits in one of the most exclusive areas of London, with celebrity neighbours such as Ed Sheeran and David Beckham.
Cohort Capital’s extensive knowledge of the luxury residential property sector has enabled the borrower to receive funding in a short amount of time and swiftly close the deal on the multi-million pound property.
Matt Thame, founder of Cohort Capital, said: “Given the current turbulent market conditions, time is of the essence more than ever in the luxury real estate sector, and we’re delighted to have been able to close this deal in less than a week. Our expertise in the industry has proved to be the X factor for our clients, as we understand the importance of speed, reliability and flexibility in securing finance.”
