TAB provided a £517,000 bridging facility over 12 months at 74.93% LTV, secured against a newly completed detached residential property in Dollar, Scotland.

The asset is a high-specification, energy-efficient new build, with an agreed sale already in place, providing clear visibility on exit.

The borrower, an established building and finishing contractor, required funding to refinance an existing facility while releasing additional capital to support ongoing development activity.

TAB structured the facility to fully redeem the existing lender and unlock capital, taking a pragmatic view on the strength of the asset, the agreed sale, and the borrower’s track record.

The funding enables the borrower to maintain momentum across their wider development pipeline while progressing the sale of the property.

A broker involved in the transaction commented:
“Not every deal is straightforward. When the complexity is there, you need a lender who leans in rather than steps back. TAB did exactly that, working closely with us to understand the objective and deliver a solution.”

The exit strategy is completion of the agreed sale.