Press release: TAB secures up to £300 million sustainability-focused private securitisation facility with NatWest
Summary
Partnering with an established institution of NatWests size is 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.This marks the most recent significant milestone for TAB, following the launch of our commercial mortgage product. The mortgage product offers borrowers commercial loans from \xa3150,000 to \xa32,500,000, terms from three to ten years and a flexible loan-to-value of up to 65%. Given how much we value this relationship, we are really pleased that their continued support demonstrates their confidence in TABs growth trajectory. Together with our strong private investor base, we are building a robust foundation for future success.I would also like to thank both the EY team, for arranging and providing support on this transaction, as well as our legal team at Ashurst.EY advised on the deal, Jack Dutton, Director, who led the transaction for EY said: