Lending package offers loans up to £7.5 million
Real estate finance and investment firm TAB has unveiled its new product, TAB Series, aimed at providing borrowers with comprehensive financial support throughout the property lifecycle.
The new lending package allows customers to access an initial bridging loan for asset acquisition, followed by a refurbishment loan if needed, and a subsequent long-term commercial mortgage.
The TAB Series offers loans up to £7.5 million, enabling borrowers to engage with a single lender for various financing needs. The firm highlights potential savings of 2.75% on fees, along with reduced legal and valuation costs.
The launch follows TAB’s completion of a £300 million private securitisation facility with NatWest and Atalaya Capital Management.
TAB is also shifting to open market valuation (OMV) for residential bridging loans up to £2.5 million, moving away from the previous 180-day valuations.
“I am happy to introduce TAB Series to the market, our latest innovation designed to meet the needs of borrowers grappling with a changing interest rate environment,” said Duncan Kreeger (pictured), TAB chief executive and founder. “Meticulously crafted by our team, this tailored solution addresses a significant gap in the market, promising seamless support for borrowers at every stage of their property journey.
“Prioritising their needs from acquisition to management to disposal coupled with the other changes we have announced, empowers borrowers to capitalise on opportunities that may not have otherwise been affordable.”
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