TAB U

1261 - Digbeth, Birmingham

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.

Signup to our newsletter

Receive TAB Lending and TAB Property investment alerts and keep up to date with TAB.

Please select all that apply.