Cohort loan unlocks Chilham Castle purchase

Lender Cohort Capital has agreed to provide a £9.1m loan to a private client for the £15.2m purchase of Chilham Castle in Kent. The new owner is purchasing the site with a view to exploring possible alternative uses. The castle sits in a 300-acre estate seven miles west of Canterbury. The property consists of a large Jacobean house and a medieval castle dating back to 1174. The loan was agreed at 60% LTV. Matt Thame, founder of Cohort Capital, said: “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.” To send feedback, e-mail evelina.grecenko@eg.co.uk or tweet @Gre_Eve or @EGPropertyNews Photo © Chilham Castle