TAB has secured a £500m funding facility from funds managed by AB CarVal to support the launch of TAB Mortgage and TAB Bridge.
This marks a move from TAB’s focus on bridging loans into the wider mortgage and bridging market.
The new products have been designed for both brokers and borrowers, focusing on speed, simplicity and transparency.
Duncan Kreeger (pictured), CEO of TAB, said: “This is a transformational moment. CarVal’s backing isn’t just funding, it’s institutional validation of the platform we’ve built and the future we’re creating.
“We’re not here to follow the market; we’re here to reshape it.”
Robert Sinclair, managing director at AB CarVal, said: “As we continue to find opportunities in asset-based finance in the UK, we are delighted to support TAB with this new facility to help them continue to scale and enhance their bridge and mortgage product suite in the specialist lending market.
“The TAB team’s focus on product and tech innovation to better serve customer needs within a strong risk framework is differentiated and continues to meet strong market demand.”
Interpath played a key role in securing the deal.
Jack Dutton, director for financial services debt and capital advisory at Interpath, said: “It was a real pleasure working with Duncan, Rikesh, Stephen and the wider TAB team on this transaction.
“Their clarity of vision and collaborative approach made the process rewarding from start to finish.
“This new facility will provide TAB with the platform to continue growing its bridging and commercial mortgage products, further strengthening its position in the market. We look forward to seeing the business go from strength to strength.”
Kreeger added: “We’ve built a strong reputation in bridging. With this facility and a growing pool of institutional capital, we’re set to bring the same innovation and responsiveness to the mortgage market.
“Funding of this scale doesn’t happen by accident – Rikesh Saujani, Nick Robinson, Jason Shead, and the wider team were instrumental in bringing this deal to life, and Interpath were exceptional in helping us secure it.”
