Fox Williams has advised property lender, TAB, on its new credit facility with New York investment firm, Atalaya Capital Management.
TAB will use the new credit facility of up to £120 million to support the company’s continued growth and to finance bridging and development finance loans.
The Fox Williams team was led by head of fintech and alternative finance, Jonathan Segal and included partner Hannah Elliott, associate Anjali Aravindhan and trainee Claire Bowler.
Jonathan Segal said: “We’re delighted to have helped secure this landmark facility for TAB which will provide the bedrock of their continued growth. The deal shows Fox Williams’ strength in and commitment to representing lenders in the alternative finance sector. TAB are an exciting, innovative company and we are delighted to support them in their growth as a business.”
Duncan Kreeger, founder and CEO of TAB said: “We’re extremely grateful to Jon Segal and the Fox Williams’ team for their legal support in securing this credit facility. Their knowledge of our business and expertise in the sector really helped facilitate the transaction – they have been a tremendous support to us throughout.”
TAB is a property finance and investment firm that provides short-term lending solutions to borrowers by offering bridging loans for property projects as well as giving investors an opportunity to invest in UK property.
Atalaya is a privately held, SEC-registered, alternative investment advisory firm. Atalaya primarily focuses on making private credit and special opportunities investments in three principal asset classes – financial assets, real estate and corporate. Founded in 2006, Atalaya is headquartered in New York City and manages approximately $7 billion on behalf of a global institutional investor base.
In addition to Fox Williams’ legal support, TAB was advised by the Financial Services Corporate Team at EY.