TAB has announced that its loan book has grown to £115m. The Hertfordshire-based bridging lender says a £5.1m 48-hour deal, against an £8.5m purchase of a central London property, and a loan of almost £13m, nudged it over the threshold.

In the wake of the Bank of England’s latest interest hike, TAB has introduced a new type of bridging loan. The Hertfordshire-based lender is introducing TAB Tracker to sit alongside its traditional, fixed-rate, short-term loans.

TAB has announced it completed a record month in April. The Hertfordshire-based bridging lender says it completed 11 loans totalling £23.69 million over the course of the month.

Almost three-quarters of brokers operating in the specialist lending space think the “race for space” is not over, according to a poll undertaken by TAB.

The short-term property finance lender polled the views of brokers in the industry at an event to mark the opening of their new HQ in Hertfordshire.

Almost half of brokers operating in the specialist lending space think development finance is now hotter than the bridging loan market, according to a poll undertaken by TAB.

Lender TAB has secured a new funding line from investment firm, Atalaya Capital Management (‘’Atalaya’’).

Bridging lender TAB is to invite brokers to use its new office at The Grain Yard, in Borehamwood, as a hot desk base. TAB is offering brokers a private room to work with access to all the lender’s amenities including the breakout space and unlimited tea and coffee. The hot desks facility has been set up for brokers who are currently working from home or are near London.

Bridging lender TAB has completed a £4,550,000 1st charge bridging loan on a mixed use development project in Canterbury in conjunction with broker Opes.

Bridging lender TAB, in conjunction with broker the Real Estate Finance Consultancy (“REFC”), has completed five bridging loans totalling £11.4m on the same day.

TAB is hiring two new members of staff.  Harry Dugg joins as a business development manager while Samuel Morris has been appointed as a lending associate.  The new appointments double TAB’s sales team

TAB held its first post pandemic in person event as a thank you to our brokers and partners who have supported the business. We had the pleasure to host a dinner and drinks on the roof terrace of Harvey Nichols. It was great to see some old faces as well as some newer faces after such a long time away.

TAB in conjunction with the CEO and founder of Real Estate Finance Consultancy (REFC) and Crown City Holdings (CCH), Mr Nir Yedid, recently completed a £9.25m facility for the refinancing of a hotel in The Quay, Poole. The site is owned by the client and operated by Thistle Hotels. The hotel is in a prime position in Poole close to the Sunseekers boatyard and overlooking the harbour which has seen, and continues to see, significant redevelopment.

A planning application has been submitted for the demolition of the existing hotel and construction of a large mixed use regeneration scheme consisting of more than 200 residential units above commercial space and a hotel with a range of amenities to include a ground floor bar and a rooftop bar/restaurant.

TAB is delighted to announce the launch of its new investor platform. Powered by TAB Tech and designed with the investor in mind, the TAB platform aims to provide a seamless investment journey into bridging loans, development finance and fractional property.