Lender TAB lands £300 securitisation facility from NatWest

Real estate lender TAB has secured a £300 securitisation facility from NatWest for its bridging loan and mortgage products.

TAB, which launched in 2018, is lending about says its loan book will hit £500m next year. 

It recently launched a new commercial mortgage product from £150,000 to £2.5m that includes incentives via discounts on future payments if certain environmental criteria are met. 

“NatWest is pleased to support TAB both in the bridging space and with its new term mortgage product that encourages ESG-positive behaviour. Sustainability is a key focus for NatWest and we look forward to a successful and sustainable partnership with TAB,” Daniella Siretz, Managing Director at NatWest said.

The deal also included an extension through another lending partner Atalaya Capital Management, who added commitment finance mezzanine loan tranches.

“The private securitisation facility is a “strategic move” for the lender, says Duncan Kreeger, CEO and Founder of TAB, who adds it will help substantially increase its lending for both short-term bridging finance and longer-term mortgages.

“The collaboration with NatWest allows us to not only meet the demand for competitive financing solutions but, in relation to the mortgage product, also to contribute to a more sustainable and resilient real estate finance landscape,” he said.