CEO Duncan Krieger founded TAB in early 2018.
Duncan Krieger is the CEO and founder of TAB, a UK-based real estate finance and investment platform. TAB has successfully financed over £450m in four years and is on track to have a loan book of over £700m in 2025.
Throughout my career, I have never claimed to be a great employee and have had an entrepreneurial spirit since I was young. What I learned is the importance of building good relationships. Because you never know when it will be useful later in life.
This was made possible by my first boss, who became my client a few years later. It felt like a nice win to build relationships early in my career with people who were like my boss and quickly became colleagues.
Read more: “My boss was an ex-military man who avoided hierarchy and took charge to get things done.”
My first job in my late teens was with a property company in Clerkenwell called Urban Spaces, selling loft spaces. My boss wanted to change my salary and the way my packages were delivered. Even at a very young age, I was quite frustrated by it and decided to leave, shocking my employers.
Years later, they told me they were really impressed that I stood my ground. It stuck with them that I was true to my principles and that I wasn’t the one who changed the goalposts. That was not how I was told to treat customers, and therefore not how I would be expected to be treated as part of the company.
These are the lessons I learned in building my business. Now in my 40s, I’ve learned to play the longer game. When you’re young, it’s hard to think about how your conversations will affect you in the future.
TAB recognized the need for a lender that understood the requirements for bridging loans.
The world has changed dramatically since the new coronavirus infection. A lot has changed, especially in terms of finding ways to build camaraderie using my laptop at home. When we finally returned to our new office, we decided to team up with the other tenants and have a chef cook breakfast and lunch for us.
We wanted to convince people that returning to the office is a good idea, even if it comes at a significant cost.
TAB is currently opening its real estate to everyone. In addition to providing debt throughout my career, I also believe there should be other ways to buy and sell real estate.
Earlier this year, we launched a new fractional ownership product, TAB Property. This means people can invest in property for as little as £1,000 without borrowing money, meaning more people can invest in property.
In the current situation we find ourselves in the market, banks have first priority and de facto control over assets, while debt is high and in some cases reduces the cost of rental income. exceeds.
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Real estate is the world’s largest asset class and is now being protected piecemeal by the rich and famous. Let’s say you want to buy a Travelodge investment property. This is an example of what we did in Essex this year. Travelodge is the tenant and is responsible for maintaining it for 18 years and paying rent four times a year.
Most investors might think it’s a good bet, but it’s never achievable for them because it’s hard to predict what kind of return they’ll get. What we’ve done is expose £3m of assets to investors. There is no debt and it is owned by investors on our platform.
TAB has launched a new fractional ownership investment product with the purchase of two Travelodge hotels, including this one in Chigwell, Essex.
We collect rental income, ensure building management, and make monthly payments to investors. You don’t have to deal with lawyers, tenants or mortgage lenders.
Many people don’t have the time or expertise to know which properties to consider. In my opinion, thousands of pounds could be wasted doing due diligence, investigations and legal fees from the start. TAB always inspects properties and, after carrying out all due diligence, considers which properties it would like to offer to its users.
Recently, I attended a meeting in a boardroom with a gentleman I had never met before. His best friend was my old tutor, Phil Newman, who had followed my career and was proud of me, so he said he had a message for me.
A few days later we met for coffee. And then he remembered that I wanted to see the outside world and did not think about taking school exams the way others do.
He saw that I was bold and that I didn’t value being in school. In hindsight, he said, I was probably right.
Look: My first boss, Bianca Zwart, Bunk’s chief of staff.
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