This facility will support the launch of TAB Mortgage and TAB Bridge, a renewed product suite built around relationship-driven underwriting.

Duncan Kreeger, CEO at TAB (pictured above), commented: “This is a transformational moment.

“CarVal’s backing isn’t just funding; it’s institutional validation of the platform we’ve built and the future we’re creating.

“We’re not here to follow the market; we’re here to reshape it.”

Robert Sinclair, managing director at AB CarVal, 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 it continue to scale and enhance its bridge and mortgage product suite in the specialist lending market.

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“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.”

Duncan continued: “With this facility and a growing pool of institutional capital, we’re set to bring the same innovation and responsiveness to the mortgage market.

“Funding of this scale doesn’t happen by accident — Rikesh Saujani, Nick Robinson, Jason Shead and the wider team were instrumental in bringing this deal to life, and Interpath was exceptional in helping us secure it.”

Jack Dutton, director of financial services debt and capital advisory at Interpath, reflected: "This new facility will provide TAB with the platform to continue growing its bridging and commercial mortgage products, further strengthening its position in the market.

“We look forward to seeing the business go from strength to strength."