The lender said it was looking to meet sustained demand for funding auction purchases and refurbishment projects with the move.
Carl Graham (pictured) will join Tuscan as regional director and will be responsible for the new Manchester and existing Birmingham regional hubs.
Graham brings more than 17 years’ experience in the specialist mortgage and property finance sectors and in addition to day-to-day operational management of both sites, his principal mission is to develop long-term relationships with brokers, introducers and advisers.
He joins from Rocket Bridging having begun his career in 2003 at Advantage Homeloans, before stints at Beacon Homeloans, Bridgebank Capital and then Octopus Real Estate.
Graham said: “Having worked mainly in the North for the past 15 years in a specialist debt capacity, it’s clear to me that a second dedicated regional office based in Manchester will allow us to deliver the support local introducers crave.
“Our stakeholders recognise that a regional presence is paramount. Our lending criteria will therefore be tailored to local requirements to furnish brokers and their clients with the funding they seek.
“With high demand for both mixed-use and residential property across the North and Midlands, I am genuinely excited about our continued impact and expansion in these important growth regions of the UK.”
The new Manchester office is located in the heart of the city on John Dalton Street and is capable of processing deals end-to-end with full back-office support will be provided by the head office in central London.
CEO Colin Sanders said: “Increasing investment in the Northern Powerhouse, and a trend for professionals to flee London for more affordable living in the North, has unquestionably driven demand which has resulted in significant uplifts in the residential real estate investment market.
“We therefore believe this is the right time, in spite of all the current nervousness and uncertainty, to be bold and take the next step in our expansion plan.
“Pivotal to this is the appointment of Carl as our new regional director. His track record and reputation speak for themselves, and I and the rest of the team welcome him whole-heartedly to Tuscan Capital.”