Tuscan Capital reports 96% increase in loan book
By Theo OsbornTuscan Capital has reported a 96% increase in the size of its loan book in the six months to 31st July 2019, compared with the same period last year
The lender’s completions rose by 37% by value year-on-year, while its committed pipeline increased by 41% in the same period.
Meanwhile, the number of term sheets it issued was up 57% compared with last year, and the number of brokers it supported through successful completions was up 43%.
Colin Sanders, CEO at Tuscan Capital (pictured above), said: “Our performance in the first six months of our second year has been particularly pleasing given the challenging market conditions and fierce competition.
“With a strong pipeline heading into the second half of the year, and with great feedback from a number of our broker partners, we are optimistic for continued growth, which will see us deliver results well ahead of our expectations for 2019.”
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