Cohort Capital has facilitated a £11 million loan for the refinance of The Life Science Park located in Sunbury-on-Thames, West London. The park, which is housed in a Grade II-listed Victorian pump house, underwent extensive conversion and restoration in 2022. Spanning over 55,000 square feet, the park comprises high-quality laboratory space.

The loan, with a loan-to-value (LTV) ratio of 65% and an 18-month term, aims to support the growth and expansion of the landlord’s portfolio of environmentally sustainable and socially responsible companies. The loan will be repaid through a separate business sale that results in liquidity.

In addition to refinancing the previous development lender, the loan will also be used for the recapitalization of a mixed-use property portfolio in Surrey, providing additional security.

Since its establishment four years ago, Cohort has arranged £490 million worth of loans, boasting an impressive average closing time of just 10 days. Matt Thame, CEO of Cohort, expressed satisfaction with closing this significant loan in the life science industry, highlighting the company’s commitment to supporting innovative ventures and providing reliable funding solutions in the current challenging climate.

Bal Sohal, co-founder of Cohort, emphasized the increasing demand for private credit in the £3 million to £75 million range and cited this recent completion as evidence of Cohort’s mission to serve borrowers with a common-sense approach at the forefront of their underwriting practices.