Tuscan Capital amends bridging products

Tuscan Capital has made amendments to its bridging mortgage range.

The specialist lender has extended the maximum loan size from £3m to £7m across its bridging, mixed-use and semi-commercial, heavy refurbishment and auction funding products.

The firm adds that it will now consider funding applications for commercial property, buy-to-let portfolios and for land with planning consent.

It boasts of having secured a new funding line that pushes its total lending capacity from to £100m.

Tuscan Capital chief executive Colin Sanders comments: “Strengthened by new funding muscle, we are now able to look at a wider range of applications from across the real estate spectrum and at much higher values. However, the entry point to our products remains at the very accessible level of just £150,000.

“Whilst we are keen to deploy the additional funds as quickly as possible, it will only be for the right type of deal.”

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