TAB completes £300 million private securitisation facility

The new funding will support the lender’s bridging and mortgage products

TAB completes £300 million private securitisation facility

Mortgage lender TAB has completed a private securitisation facility with NatWest and Atalaya Capital Management of up to £300 million to support its lending products.

As part of the funding line, Atalaya is expanding its partnership with TAB by providing mezzanine notes for the facility, continuing its commitment following a £120 million revolving credit facility which closed in 2022.

“Our new funding line marks a monumental moment for TAB,” said Duncan Kreeger (pictured), chief executive and founder of TAB. “Partnering with an established institution of NatWest’s size is testament to the progress we have made and the confidence in our vision.

“The completion of the private securitisation facility is a strategic move that will significantly enhance our ability to provide more competitive and flexible financing options to our borrowers for both short term bridging finance and longer-term mortgages.”

The development follows last month’s launch of TAB’s commercial mortgage product, which offers borrowers commercial loans from £150,000 to £2.5 million, terms from three to 10 years, and a flexible loan-to-value of up to 65%.

Jack Dutton, director at EY, which advised on the deal, said it was delighted to have once again supported TAB in a landmark financing.

“This round of financing follows the original capital strategy we supported Duncan and the team with, having previously advised the business on its facility with Atalaya Capital Management in 2022,” Dutton added.

“Now with the support of NatWest Markets and the continued backing of Atalaya, we are excited to see the ongoing development of the TAB group as it goes from strength to strength.”

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