TAB provided a £975,000 mortgage over 60 months at 75% LTV, secured against a multi-unit residential investment in Rugeley town centre.

The asset comprises 17 self-contained studio units alongside a ground-floor retail unit, delivering diversified income across the property.

The borrower, an experienced investor with a well-established portfolio, required funding to refinance and support a long-term strategy, stabilising the asset within their wider portfolio.

TAB structured the facility to align with this approach, taking a pragmatic view on the property’s configuration and secondary retail location, with a focus on underlying income and overall asset performance.

The funding enables the borrower to retain and optimise a multi-income asset, supported by strong occupancy demand and town centre connectivity.

The exit strategy is refinance onto a longer-term facility or sale, depending on market conditions.