TAB provided a £2,483,000 bridging facility over 24 months at 65% LTV, secured against a refurbished industrial warehouse unit.

The asset, recently upgraded and configured across multiple interconnected bays, is fully occupied by the borrower’s established trading business, aligning the security with a strong operating company.

TAB structured the facility to provide flexibility, taking a pragmatic view on both the asset configuration and the strength of the underlying business.

The funding enables the borrower to strengthen their working capital position while continuing to operate from a well-located and upgraded industrial asset.

The exit strategy is refinance onto a longer-term facility, supported by both the asset quality and the performance of the trading business.

An underwriter involved in the transaction commented:
“The strength of this deal was not just the asset, but the underlying business, with a clear and evidenced exit in place from the outset.”