{"id":11326,"date":"2026-06-04T22:02:52","date_gmt":"2026-06-04T22:02:52","guid":{"rendered":"https:\/\/second-home.uk\/?p=11326"},"modified":"2026-06-04T22:02:52","modified_gmt":"2026-06-04T22:02:52","slug":"aberdeen-office-secures-8-4m-bridging-loan-in-one-month","status":"publish","type":"post","link":"https:\/\/second-home.uk\/?p=11326","title":{"rendered":"Aberdeen office secures \u00a38.4m bridging loan in one month"},"content":{"rendered":"

Pallas Capital has provided an \u00a38.4m bridging finance facility on a Grade A office building and car park in Aberdeen, completing the 12-month loan within a one-month timeframe.<\/p>\n

The 60,000 sq ft property, a refurbished granite warehouse that underwent a \u00a316.5m redevelopment following its 2015 acquisition, was refinanced at 70% loan-to-value while the borrower arranged longer-term commercial debt.<\/p>\n

Timeline pressures drive alternative finance<\/h2>\n

The facility was arranged after traditional lenders were unable to meet the borrower\u2019s completion deadline. Anna Thompson, bridging originator at Pallas Capital, led the transaction through commercial valuation and legal processes to meet the tight timeframe.<\/p>\n

The bridging finance sector has seen increased activity as property owners navigate interest rate uncertainty<\/a> and refinancing deadlines. Such short-term facilities typically serve as interim solutions while borrowers secure conventional bank financing.<\/p>\n<\/p>\n

Asset strength underpins lending decision<\/h2>\n

Pallas Capital\u2019s underwriting focused on the property\u2019s market value rather than vacant possession value, supported by the building\u2019s tenancy structure. All leases contain no break clauses and extend beyond the loan term, with quarterly rental income covering loan servicing costs.<\/p>\n

\u201cThis transaction shows how flexible bridging finance can step in to provide stability when traditional banking timelines put institutional-grade commercial assets under pressure,\u201d Thompson said. \u201cOur primary focus was maintaining absolute continuity for the building\u2019s established tenants, ensuring their day-to-day operations remained completely undisturbed.\u201d<\/p>\n

The deal was brokered by Raj Vilkhou, director of Express Financial Services. The transaction represents Pallas Capital\u2019s continued activity in the Scottish commercial property market, where tenant stability and compliance<\/a> remain key considerations for lenders.<\/p>\n

Bridging finance facilities typically range from one month to two years, with interest rates reflecting the short-term nature and speed of completion. The Aberdeen property\u2019s strong covenant strength and lease profile enabled the lender to structure the facility on market value terms.<\/p>\n","protected":false},"excerpt":{"rendered":"

Pallas Capital has provided an \u00a38.4m bridging finance facility on a Grade A office building and car park in Aberdeen, completing the 12-month loan within a one-month timeframe. The 60,000 sq ft property, a refurbished granite warehouse that underwent a \u00a316.5m redevelopment following its 2015 acquisition, was refinanced at 70% loan-to-value while the borrower arranged […]<\/p>\n","protected":false},"author":1,"featured_media":6307,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[2],"tags":[],"class_list":["post-11326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-second-home"],"yoast_head":"\nAberdeen office secures \u00a38.4m bridging loan in one month - Second Home<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.propertywire.com\/news\/uk\/aberdeen-office-secures-8-4m-bridging-loan-in-one-month\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Aberdeen office secures \u00a38.4m bridging loan in one month - Second Home\" \/>\n<meta property=\"og:description\" content=\"Pallas Capital has provided an \u00a38.4m bridging finance facility on a Grade A office building and car park in Aberdeen, completing the 12-month loan within a one-month timeframe. 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