Commercial News

Tuscan Capital launches semi-commercial and heavy refurb products

Rozi Jones -
|
3rd October 2018
commercial property shop sme business building office
"Buoyed by our first eight months of trading, and encouraged by conversations with our erudite supporting brokers, we decided this was the right time to expand our product offering."

Tuscan Capital has expanded its short-term range with the addition of new products for mixed-use and semi-commercial, as well as a new heavy refurbishment loan.

The new products add to the lender's existing bridging and auction finance offerings.
 
New mixed-use and semi-commercial products are available for retail outlets or restaurants with accommodation (min. 40% residential use), student accommodation, licensed HMOs, and permitted development schemes.

Tuscan will lend between £150,000 and £3,000,000 up to 70% LTV.

Colin Sanders, CEO and co-founder of Tuscan Capital, said: “Buoyed by our first eight months of trading, and encouraged by conversations with our erudite supporting brokers, we decided this was the right time to expand our product offering.

“Sitting alongside our bridge and auction funding solutions, we’re now able to offer brokers and their clients access to competitive and fully-supported funding for mixed-use borrowing and heavy refurbishment schemes.

“Collectively, the team at Tuscan Capital has deep experience of these sectors, and with guaranteed direct access to senior mandated decision-makers, brokers can be assured of speedy decisions and outcomes unhampered by cumbersome credit committee hierarchies.”

Related articles
More from Commercial News