The additional facility provides Tuscan with £150m to specifically support selected buy-to-let portfolio cases.
Over the past 12 months, Tuscan has provided short-term financial solutions for portfolio deals from £750,000 to £9m across the UK, ranging from straightforward buy-to-let properties to HMO, commercial, and mixed-use property classes. These bridging loans were typically for 6 and 12 months.
With the new facility, coupled with its existing funding lines, Tuscan Capital can now fund buy-to-let portfolios up to £30m.
Colin Sanders, CEO at Tuscan Capital, 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 are experts in assessing the risks in a portfolio and crucially 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.”
