TAB provided a £210,000 bridging facility over 18 months at 60% LTV, secured against a freehold public house in Highley, Bridgnorth.

The property comprises a recently refurbished pub, including a ground floor bar and commercial kitchen, a first-floor function room, and a three-bedroom manager’s accommodation, alongside a beer garden, rear land and on-site parking.

The borrowers required funding to acquire the asset and reposition it as a trading business, with plans to enhance the upper floors to provide short-term rental accommodation.

TAB structured the facility to support the acquisition, enabling the borrowers to take control of a fully refurbished asset with multiple income streams and clear value-add potential.

The funding allows the borrowers to reopen and operate the public house while progressing their plans to optimise the upper parts of the property.

The exit strategy is refinance, supported by the projected market rent once the asset is fully operational.