This latest deal follows the completion of an £8.25m loan facility against a former airport hotel property earlier this month.

The loan was secured at 78% LTV on a 24-month term.

The asset is let on a 10-year lease.

The Lewes project will bring 52 new homes and seven commercial units to the area.

Allsop’s first three 2025 auctions raised £125m across 187 lots.

The deal completed in six weeks with a 12-month term at 1% retained monthly interest.

The revised TAB Mortgage includes LTVs of up to 75% for residential and 70% for commercial properties

The deal follows Alternative Bridging’s announcement of a £150m funding line to boost residential lending.

54 lots were sold, of which eight were sold at £1m+

The latest enhancement follows key improvements made to the lender's heavy refurbishment bridging proposition earlier this month.