Major funding to support growth of lender’s mortgage and bridging products
TAB, a real estate finance and investment platform, has obtained a £500 million funding facility from funds managed by global investment manager AB CarVal.
The agreement marks a significant development in TAB’s efforts to broaden its presence in the mortgage and bridging finance sectors, with the new facility set to support the full-scale launch of TAB Mortgage and TAB Bridge suite of products, offering “fast, clear, and consistent lending” for brokers and borrowers.
TAB is also set to introduce Core Plus, a new product aimed at borrowers who fall just outside standard institutional lending criteria.
“This is a transformational moment,” said Duncan Kreeger (pictured top), chief executive of TAB. “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.
“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”
TAB has focused on developing technology and products that streamline asset-backed finance. The company is embedding artificial intelligence into its operations to enhance speed and accuracy in lending decisions and reinforce its position in technology-led finance.
“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,” said Robert Sinclair, managing director at AB CarVal. “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.”
Financial advisory firm Interpath played a key role in facilitating the transaction. “It was a real pleasure working with Duncan, Rikesh, Stephen and the wider TAB team on this transaction,” said Jack Dutton, director, financial services debt and capital advisory at Interpath. “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.”
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