Carl — who will report directly to CEO, Colin Sanders — is now responsible for the bridging lender’s two regional hubs located in Birmingham and central Manchester. 

In addition to day-to-day operational management of both sites, he will be developing long-term relationships with locally based brokers, introducers, and advisers.

Colin said that its decision to invest in Manchester was driven by sustained demand for funding from its network of introducers, particularly for purchases at auction and for refurbishment projects. 

“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 that 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.

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“Pivotal to this is the appointment of Carl as our new regional director.” 

Carl brings over 17 years of experience in the specialist mortgage and property finance sectors, having worked at Advantage Homeloans and Beacon Homeloans in a number of credit and risk roles.  

In 2011, he joined Bridgebank Capital as sales director, and was responsible for setting up the Quantum by Bridgebank Capital brand.

After a period with Octopus Real Estate, he joined Rocket Bridging as credit director.

“[Carl’s] track record and reputation speak for themselves, and I and the rest of the team welcome him wholeheartedly to Tuscan Capital,” Colin commented.

Carl added: “Following the success of our first regional office in Birmingham, Tuscan Capital continues to build on its objective to become the go-to bridging lender for brokers in England and Wales.

“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.”

Tuscan Capital’s new Manchester office is capable of processing deals from initial enquiry through to funding drawdown.

As with the Birmingham hub, full back-office support will be provided by the lender’s head office in central London.