2089 - Bridgend, Wales

Name of case study: 2089 - Bridgend, Wales
Project location: Bridgend, Wales
Rate: 1.250% pm
Term: 6 months
LTV: 50.42%
Loan amount: £7,500,000
Exit strategy: Refinance
Reason for loan: Purchase
Type of property: Commercial

The client is borrowing £7.5m on a first charge bridging loan. Only £5m is being advanced, and the remaining £2.5m is being held in the solicitor's client account. The site is regarded as the principal film studio in South Wales - at a time of unprecedented demand for UK film studios.

The site has full planning permission for its existing five studio buildings and has pending applications for other buildings recently built. Since the original purchase, the borrower has invested c.£3.0m to further improve the site.

This first charge loan has a loan to value of just over 50%, a rate of 1.25% per month and is for 6 months.

See the full TAB Lending rate card and investment details here.