Bridging lender TAB has secured a £500m investment from funds managed by investment manager, AB CarVal.
The firm revealed that the facility will support a full-scale launch of a renewed product suite, TAB Mortgage and TAB Bridge.
TAB said the institutional capital could also transform it from a specialist bridging company into a “mainstream lender”.
“CarVal’s backing isn’t just funding, it’s institutional validation of the platform we’ve built and the future we’re creating,” TAB CEO, Duncan Kreeger, commented.
“TAB is recognised for product and technology innovation, and this growth marks a major step in embedding AI across asset-backed finance. By developing intelligent systems that improve speed, precision, and decision-making throughout the lending lifecycle, TAB is strengthening its position as a leader in technology-driven finance.”
Managing director with AB CarVal, Robert Sinclair, 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.”
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