Tuscan Capital, an unregulated bridging lender formed earlier this year, has announced an extension to its product range.
Borrowers in England and Wales will now be able to access funds for the mixed-use/semi-commercial sector with loans at a minimum of £150,000 and a maximum of £3m at 70 per cent LTV.
Alongside this, Tuscan Capital has also launched a heavy refurbishment product, aimed at experience developers who want to see their projects through to practical completion.
The firms remit is to process each application using an “outside-the-box” approach to risk.
Tuscan Capital co-founder and chief executive Colin Sanders says: “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.
“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.”