Tuscan Capital secures third funding line

The bridging lender said that this third funding facility will mean it can broaden its range of products for brokers, as well as increase its loan book size past £150m.

Tuscan said that it doubled its loan book balance during 2019 and now has a “substantial pipeline” of new business in place.

Colin Sanders (pictured), chief executive officer of Tuscan Capital, said the additional capital meant it could continue to offer certainty of funding, and noted its proposition had been well received by brokers.

He continued: “As a result, Tuscan Capital now expects to extend both its product offering and geographic reach to support a long-term and sustainable business that will shortly burst through the milestone of £100m in originations.”