TAB celebrates record-breaking month

TAB has experienced a record-breaking performance in April, having completed 11 loans totalling more than £23m over the course of the month.

The facilities closed in April include the lender’s largest ever loan, worth over £13m — the 12-month long facility was provided to a residential property developer for a 200-acre site, comprising a golf course, clubhouse and residential dwellings.

The client required the funds to refinance their existing debt, and allow them more time to secure planning permission to enhance the residential scheme and add accommodation for over 55s.

So far this year, TAB has had over £40m of loans redeemed, and is on track to lend over £200m in 2022.

The specialist finance provider has made a total of £179m of facilities to date.

Currently, its loan book is worth over £96m.

Duncan Kreeger, CEO and founder of TAB (pictured above), said: “Over the course of this spring, we’ve had deals of several million pounds in value for those requiring speed of service and turnaround to be of the essence—with drawdowns within days of the formal offer being issued. 

“All of this goes to show that TAB is well positioned in the market with products, pricing, service, and a desire to work hand-in-hand with brokers.

“Our tech is speeding up applications, and the amount of data we are collecting is also deepening — this is generating meaningful insights that are helping us focus to evolve to suit our clients’ needs.

“With regard to the rest of 2022, we are looking to capitalise on the success we have achieved in 2021 and so far this year and to keep doing what we do best — we are here to fund loans, and that is our focus.  

“With multiple sources of capital from private investors and institutions, and our emphasis on trust and transparency, TAB is going from strength to strength.”

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