TAB lands £200M debt facility, one of the biggest UK debt rounds on record

What's the deal? UK property lender TABDealroom has a profile for this one. Try Dealroom → has secured a £200 million funding facility from an unnamed challenger bank. The debt line will support TAB MortgageDealroom has a profile for this one. Try Dealroom → and TAB BridgeDealroom has a profile for this one. Try Dealroom →, the firm's commercial mortgage and bridging propositions.

Why it stands out: At £200 million ($270 million), the facility ranks among the largest UK debt rounds ever recorded, sitting in the top 10% of more than 2,700 such deals tracked to date.

What's the endgame? This is TAB's third funding line, supplementing an existing institutional facility from investment manager AB CarValDealroom has a profile for this one. Try Dealroom → and capital from high-net-worth private investors. TAB said the money will grow its loan book, expand lending, and support more brokers.

By the numbers: Founded by Duncan Kreeger in 2018, TAB has lent more than £850 million since launch.

Kreeger, chief executive of TAB, said the facility "strengthens our ability to support brokers and their borrower clients across a broader range of property finance transactions." He stressed the new line does not replace the two existing streams: "It compliments them."

A spokesperson for the bank said it was drawn by TAB's "combination of underwriting expertise, technology and a clear focus on disciplined lending," adding that the team "has demonstrated its ability to scale while maintaining a clear focus on risk management."

The signal: Fresh institutional capital for a bridging and commercial mortgage lender points to continued appetite in UK specialist property finance, a corner of the market where challenger banks are backing scaleups that pair underwriting with technology.

Read more: cherryplc.co.uk

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