Colin Sanders

Tuscan Capital secures third funding facility

Tuscan Capital has gained additional funding from a UK-based provider.

This is the bridging lender’s third funding facility, which augments its existing debt-funding lines.

The forward flow-funding agreement is set to broaden Tuscan’s broker-facing product range.

It will also provide the capacity to increase the lender’s loan book size to over £150m.

Colin Sanders, CEO at Tuscan Capital (pictured above), said: “Signing the new funding facility as we draw to the end of our second year’s trading sends a positive signal to the market that we expect to continue to grow and expand throughout a challenging economic period. 

“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.”

During 2019, Tuscan bolstered its front and back office teams and extended its product range and distribution.

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