Tuscan Capital

Tuscan Capital secures new funding line to boost lending for portfolio landlords

Tuscan Capital has secured a new £150m funding line to provide specialist finance for selected BTL portfolio cases.

Following this, the lender can now fund BTL portfolios up to £30m.

Tuscan Capital has seen a significant number of professional landlords requiring funding to assist with their portfolio strategies over the past year. 

These have frequently involved opportunistic purchases where landlords are presented with portfolios for sale from receivers, as well as ownership restructures where landlords may be transferring assets from personal ownership to SPVs or offshore structures.

Landlords have also been looking to refinance and/or capital raise where they may need to repay existing investors or invest money for refurbishment or maintenance of the portfolio.

Throughout the last 12 months, Tuscan Capital has provided short-term financial solutions for portfolio deals from £750,000 to £9m on terms between 6-12 months across the UK, ranging from straightforward BTL properties to HMO, commercial, and mixed-use property classes. 

Colin Sanders, CEO at Tuscan Capital (pictured above), said: “Our new funding line demonstrates that we have both the appetite and capacity to service the needs of landlords with portfolio cases. 

“Our proposition is very much about enabling the landlord to get from A to B where term lenders cannot.

“Our underwriting team members are experts in assessing the risks in a portfolio and are able to take a holistic view of the deal — their expertise, together with our lawyer partners’ commercial and pragmatic approach, has helped us close out some of the most complex transactions which are also often extremely time sensitive.

“This significant additional funding line means Tuscan Capital now has all short-term property funding bases covered.”

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