TABS11 is supported by a portfolio of first charge owner-occupied and buy-to-let loans secured against properties across England, Scotland, and Wales. The new facility also refinances assets from the Fairway Asset Backed Securitisation 1 Limited (FABS) launched in December 2022.
Read more: Together announces first development securitisation
It joins Together’s extensive suite of financial instruments, including seven public residential and four commercial real estate mortgage-backed securities, six private securitisation facilities, senior secured notes, and a banking syndicate facility (RCF).
BNP Paribas and Wells Fargo served as co-arrangers and joint lead managers for the transaction, with additional support from Santander as joint lead manager.
“We are delighted to announce the successful pricing of our second RMBS this year, which will help us to support more residential owner occupier and buy-to-let customers in realising their ambitions,” said Mike McTighe (pictured), chairman of Together.
