Tuscan Capital has announced it has secured new funding for buy-to-let (BTL) portfolio landlords looking to secure short-term funding.
The additional facility provides the short-term property finance firm with £150m to specifically support selected BTL portfolio cases.
Over the past 12 months, Tuscan has provided financial solutions for portfolio deals from £750,000 to £9m across the UK, ranging from straightforward BTL properties to HMO, commercial, and mixed-use property classes. These bridging loans were typically for between six months and a year.
With the new facility, coupled with its existing funding lines, Tuscan Capital confirmed it can now fund BTL portfolios up to £30m.
“Our new funding line demonstrates that we have both the appetite and capacity to service the needs of landlords with portfolio cases,” said CEO at Tuscan Capital, Colin Sanders. “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.”
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