TAB. Trust. Transparency.
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.
Other charges may apply
The loan is then matched with investors on the TAB platform. Funds are typically available within just 14 days
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.
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.