Aquilae completes a £1.3m planning bridge with TAB.

Aquilae has completed a £1.3 million planning bridge facility secured against an aparthotel in Edinburgh. The loan supports the property during the planning phase and was completed in a short timeframe to align with the borrower’s requirements.

Matthew Yassin, Managing Director of Aquilae Capital, commented: "With Edinburgh being at the top of Colliers Hotels Market Index the deal represented very good value for both lender and client. The team at Aquilae worked very closely with TAB who were able to close the transaction at a higher LTV than normally for this type of asset due to the demand. Again demonstrating that confidence and sentiment play a large role in the facilitation of funding"