TAB funds largest bridging deal since launch
NEWS / PRESS
Publication: https://bridgingandcommercial.co.uk/21Jan2020
Author: Andreea Dulgheru
Date: 10/02/2020
Title: TAB funds largest bridging deal since launch
TAB has completed its largest bridging deal since the lender launched in 2018.
The £3.3m loan was provided for two recently developed BTL mews properties in central London.
The client was a Jersey-based, offshore investment company owned by an offshore trust with multiple shareholders.
The deal was introduced by WR Capital and the complex, six-month term loan was completed in 10 days from the initial loan application to the drawdown of funds.
Duncan Kreeger, founder and CEO at TAB (pictured above), commented: “We would like to thank WR Capital for giving us this great opportunity, which has enabled us to showcase our skills in processing a sizeable and complex loan for an offshore firm.
“The TAB team that worked on this deal together with our lawyers Howard Kennedy were highly engaged in processing the finance and legals as quickly as possible and worked seamlessly with the broker, client and client’s advisers.”
Westley Richards, director at WR Capital, commented: “We have worked with the TAB management team over many years and selected the lender because they offer a gold standard service and have a refreshing and different approach to lending.”