Tuscan Capital said it welcomes enquiries from brokers, advisers and experienced property professionals.
Head of sales Matthew Rogers and Bob Sturges, head of PR and marketing are joining Sanders in the senior team for the lender’s initial launch phase.
The lender confirmed that further appointments have already been made and will be announced in ‘due course.’
Private Equity funding
Tuscan Capital will be funded by both private and institutional investment from Quilam Capital, the London-based provider of equity solutions to entrepreneurial financial services sector firms.
Product solutions are available on residential and semi-commercial property throughout England and Wales and the firm offers funding of £250,000 to £3m for up to 18 months and monthly rates from 0.75%.
Sanders said: “The first question I’m asked by industry insiders is can the market take another lender? I believe it can so long as that lender addresses a need and provides a solution not necessarily available elsewhere.
“Critical to our success”, he continued, “will be our highly-experienced team. Having Matt and Bob on board is just the beginning with more familiar names to follow.
“Together with the faith shown in Tuscan by Quilam Capital, a high-quality investor with a seriously impressive track record, I’m entirely confident we will carve out a niche in the market that benefits borrowers and brokers alike.”
Kieran McSweeney, partner at Quilam Capital, added: “We are delighted to be supporting Colin and his talented team once again. The bridging sector is one where we have a lot of experience and despite being competitive, Colin has the relationships and track record to make Tuscan Capital a very exciting investment for us.”