Kreeger says funding complements existing streams rather than replacing them
Specialist property lender TAB has secured a £200 million funding facility from challenger bank GB Bank, adding a third active funding line to support brokers placing commercial mortgage and bridging business.
The facility will support TAB Mortgage and TAB Bridge, the lender's core commercial mortgage and bridging propositions. It sits alongside TAB's institutional facility from AB CarVal and funding raised from high-net-worth private investors, and TAB said it would help grow its loan book, increase lending and support more brokers.
TAB's announcement did not name the funding partner. GB Bank was identified as the provider in trade coverage published on Monday, and TAB chief executive Duncan Kreeger named the bank in a post on his LinkedIn account the same day, writing that the new facility sits alongside CarVal and the firm's private investors.
What it means for intermediaries
For brokers, the addition is a capacity question rather than a product launch. TAB has not announced new products, revised criteria or pricing changes tied to the facility.
Kreeger said in the announcement: "Securing a facility of this scale strengthens our ability to support brokers and their borrower clients."
He added that the arrangement "does not replace our two existing funding streams. It compliments them," and said the funding reflected "confidence in our track record, our technology platform and our approach."
A spokesperson for the bank said it had been seeking a partner able to "deliver tailored lending solutions that fuel growth," adding that GB Bank was drawn to TAB's "combination of underwriting expertise, technology and a clear focus on disciplined lending."
The spokesperson said the facility provides additional capacity for the next stage of TAB's development across commercial mortgages and bridging finance.
Both firms scaling into a cooler market
TAB was founded by Kreeger in 2018 and has lent more than £850 million since launch. Its previous institutional line was a £500 million facility from funds managed by AB CarVal, announced in September 2025 to support the launch of TAB Mortgage and TAB Bridge, at a point when the company had lent more than £600 million since its founding.
GB Bank was founded in 2017 and gained full banking authorisation in 2022 after early seed funding and backing from the Teesside Pension Fund. A 2024 investment from Hera Holdings lifted its maximum loan size to £20 million, and the privately owned bank funds SME property lending through retail deposits. Its capital partner division provides warehouse and structured funding facilities to specialist lenders and originators across residential, buy-to-let, bridging and commercial portfolios. GB Bank joined the Bridging & Development Lenders Association as a lender member in May 2026.
In July, it provided a £20.5 million structured funding facility supporting a specialist funding partner's acquisition of a 214-unit residential portfolio in the North West. Relationship manager Hardik Gogia said at the time that lenders "increasingly require funding partners that can provide flexible capital solutions."
The commitments land as market activity moderates. BDLA data for the three months to March 31, 2026 – the association's most recent published quarterly figures – showed completions of £1.8 billion, down from £2.5bn in Q4 2025. Applications reached £9.9 billion against £11.7 billion, while total lender loan books stood at £11.5 billion and average loan-to-value ratios eased to 56.64% from 58.64%. BDLA said the figures should be read against the market's rapid expansion in recent years and a more cautious wider property finance environment, and that capital providers are placing greater emphasis on governance and transparency.
Separate Bridging Trends data for Q2 2026 recorded gross contributor lending of £173.1 million, a 15% fall on Q1's £199.2 million, with chain-break prevention and investment property purchases each accounting for 18% of transactions.
The two datasets cover different participants and are not directly comparable.
