TAB has secured a £500m funding facility from funds managed by global investment manager AB CarVal, a move its chief executive described as “transformational” for the lender’s ambitions.
The deal marks a significant shift for the North London-based firm, which has built its reputation as a bridging specialist. With institutional backing, TAB is preparing to scale its lending operations across both bridging and mortgages, under the newly branded TAB Bridge and TAB Mortgage.
Duncan Kreeger, chief executive 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.”
TAB’s refreshed product suite has been positioned around speed, simplicity and transparency, offering brokers and borrowers rapid decisions, clear pricing and relationship-led underwriting.
The company said the facility would also accelerate its deployment of artificial intelligence across asset-backed finance, with the aim of improving speed, accuracy and decision-making throughout the lending lifecycle.
Robert Sinclair, managing director at AB CarVal, added: “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.”
Advisory firm Interpath played a central role in structuring the deal. Jack Dutton, director in its financial services debt and capital advisory team, 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.”
Kreeger added that the transaction owed much to the contribution of senior colleagues including Rikesh Saujani, Nick Robinson and Jason Shead, and praised Interpath’s role in securing the funding.
Looking ahead, TAB said it would launch a new Core Plus range designed for borrowers who fall just outside traditional institutional lending criteria. The lender said it would remain anchored to its founding principles of trust, transparency and “relentless execution” as it scales.
