In a recent move to strengthen its position in the real estate finance and investment sector, TAB has successfully secured a securitisation facility valued at £300m from banking giant, NatWest. This deal is set to amplify TAB’s offerings, specifically in bridging and mortgage products.

Assisting in this venture, Atalaya Capital Management has stepped in to provide mezzanine finance. This isn’t the first partnership between the two; just last year, Atalaya allocated a £120m revolving credit facility to TAB.

TAB’s trajectory has been on the rise. The company has recently grown its workforce, introduced new offerings, and notably launched a commercial mortgage product intertwined with environmental, social, and corporate governance (ESG) standards. This eco-conscious initiative allows borrowers to avail commercial mortgage loans ranging from £150,000 to £2.5m. Furthermore, they stand to benefit from discounts by adhering to specified ESG benchmarks.

Duncan Kreeger, the driving force behind TAB as its CEO and founder, expressed his elation at this development, stating, “This significant funding milestone with NatWest is a reflection of our steadfast growth and the faith invested in our vision. The fruition of this securitisation facility will expand our capacity to offer more competitive and adaptable financial solutions to our clientele, spanning from short-term bridging finance to extended-term mortgages. Our synergy with NatWest not only meets the surge in demand for competitive financing but also paves the way for a more sustainable real estate finance future.”

Echoing this sentiment, Daniella Siretz, Managing Director at NatWest, remarked, “Our commitment to TAB is dual-faceted: supporting them in the bridging domain and championing their innovative mortgage product that promotes ESG-positive actions. Sustainability remains at the core of NatWest’s ethos, and we anticipate a prosperous and green alliance with TAB.”

In light of their current pace, TAB forecasts its loan portfolio to reach a staggering £500m by 2024.