TAB has completed a securitisation facility of up to £300m to fund bridging and mortgage products.
The property finance firm has agreed the deal with NatWest and US firm Atalaya Capital Management.
TAB, which offers, environmental, social, and governance-related discounts to borrowers, says the move will allow it to fund loans for up to ten years and provide capital quickly.
The agreement sees NatWest become a new senior note provider to the business.
Atalaya Capital Management deepens its relationship with TAB by providing mezzanine notes for the facility, following a £120m revolving credit facility which closed last year.
TAB founder and chief executive Duncan Kreeger says: “Partnering with an established institution of NatWest’s size is a testament to the progress we have made and the confidence in our vision.
“The completion of the private securitisation facility is a strategic move that will significantly enhance our ability to provide more competitive and flexible financing options to our borrowers for both short-term bridging finance and longer-term mortgages.”
Last month, TAB launched its first commercial mortgage product, which is a green offer that rewards investors who make improvements with an exit discount.
The product offers property investors interest-only loans from £250,000 to £2.5m and terms that range over three to ten years.
