Development finance

Get fast, short to medium term access to the capital you need to finance the construction, conversion and refurbishments of your property projects.

Back to products

TAB. Trust. Transparency.

1. Efficient and flexible service

2. Terms from one to 24 months

3. LTGDVs up to 65% 

4. We can lend up to 100% development costs

5. Over 15 years of lending experience

Make an enquiry

Development finance

TAB’s development finance is a short term funding solution for up to 24 months for projects based in London and the home counties. TAB development loans are designed to unlock capital to assist with ground up developments, conversions, heavy and light refurbishments and finish and exit property projects. 

TAB lends directly to borrowers and through intermediaries. We offer loans up to 65% of the gross development value of your project, including the cost of borrowing. The maximum loan to cost can be up to 100% for the appropriate project. Our experience means we can be flexible with our valuations and consider projects that more traditional lenders would not. We pride ourselves on trust and transparency.

TAB loans are unregulated. Any property used as security is at risk of repossession if you do not keep up with your payments.

Details of the product:
Interest rate:
From 1.00% pm
Minimum loan:
£ 100,000
Maximum loan:
£ 2,000,000
LTGDV
Up to 65%
Term:
Maximum term 24 months
Exit Fee:
1.00% of GDV

Other charges may apply

How it works

Borrower applies
 Following an initial enquiry, borrowers apply for a loan through our application process.
Decision made
 Our team undertakes their due diligence and underwriting process on the borrower, the security property and the project. Terms are then agreed.
Perfect match

The loan is then matched with investors on the TAB platform. Funds are typically available within just 14 days
Make an enquiry

Make an enquiry

Feefo review

Case studies

Development loan

Kingston upon Thames, London: 1280

The client required a first charge development loan of £685,000 in tranches to develop of two, four-bedroom houses. The development had already started and TAB advanced the initial funds to clear the original property purchase debt and fund the next stage of construction. TAB provided the loan at a 51% LTGDV for 9 months with an agreed exit strategy of refinancing to a buy-to-let mortgage.

Land with planning

Birmingham: 1261

The client required £2,480,000 first charge land with planning loan for 12 months. The property is a site with planning permission which they were able to purchase below value due to a distressed sale. Due to the sensitive time scales the client required a bridge loan to purchase rather than going straight to development funding. The LTV was 59% and the exit is via development finance.

Residential

Selby: 829

The client needed a £250,000 first charge mixed use loan for capital raise. The client’s exit strategy is to sell to a developer on the grant of planning permission. The planning was submitted for the conversion of commercial elements of the property to residential. The LTV was 65% and terms were agreed at 0.99% interest per month for 9 months.

Our team

TAB knows the value of keeping things simple and transparent for everyone. Whatever the size or scope of your plans, our expert team of underwriters, business development managers, and an in-house legal team are here to help with your requirements. Book a meeting with one of our team today.

 

Duncan Kreeger

Founder and CEO

Nick Russell

Sales Director

Eli Korman

Chief Investment Officer and Head of Development Finance

Danny Scoltock

Head of Underwriting

Find out more

Meet the rest of the team

Follow us

You can also stay up to date by following us on social media or by visiting TAB U.

Listen
Arc & Co. meets Duncan Kreeger and Nick Russell of TAB
Watch
Starting a tech company
Read
How to invest in real estate with little or no money!

Frequently asked questions

A bridging loan is a short term loan that typically lasts between 3 - 24 months. It is designed to bridge the gap in your finances until a long term financial solution can be sought or additional funds are received from an alternative source, such as a property sale.

At TAB we know that every borrower is unique. We have the flexibility to consider the broadest range of circumstances and the property market experience to recognize potential where traditional lenders see risk. - Refurbishment/redevelopment loans of all for properties of sizes and complexity - Developer exit loans for completed and nearly completed projects in need of extra finance - Auction completing loans - Commercial bridging loans to expand property portfolios - Mortgage bridging loans, when traditional lenders can’t complete quickly enough.

Property development finance is a short term loan for residential or commercial property developments, such as ground up construction projects or refurbishment projects, typically based on the future value of the development when completed (GDV)

Due to the short term nature of a bridging loan, the sum of money borrowed is due for repayment according to the terms that are agreed upon before the loan is completed. Interest is charged on bridging loans which is calculated on a monthly basis. Interest can be paid in one of two ways. Either monthly (serviced) or retained (unserviced). Retained means the total cost of the interest will be rolled up and added to the initial lump sum borrowed and due for repayment at the end of the loan term.