Lender Completes £2.8 Million Commercial Bridging Loan in London
UKPulse Property Desk
TAB has completed a £2.8 million commercial bridging loan, secured against two London commercial properties.
- The loan is secured on a first-charge basis at 65% loan-to-value.
- The bridging loan has a 12-month term.
- It forms part of a wider funding round totalling approximately £3.59 million across two facilities.
TAB has completed a commercial bridging loan worth £2.8 million. This loan is secured against two commercial properties located in London.
The loan is on a first-charge basis with a 65% loan-to-value ratio and has a 12-month term. This transaction is part of a larger funding round, which includes approximately £3.59 million in net advances across two facilities.