Bridge Solutions

Redefining the conventional... our ‘Inside the Box’ bridge solutions.

At Tuscan Capital, our premium bridging finance offerings are designed for ‘conforming’ customers whose needs can be accommodated quickly and with a minimum of paperwork.

Key features include:

• Nationwide coverage (England & Wales).
• Rates from 0.53% over Bank Base Rate (BBR) per month to 1.25% per month.
• Terms from 3 months to 18 months.
• Max LTV - 75% Open Market Value.
• First charge and second charge loans (subject to consent being granted by the first mortgagee).
• Loan facilities from £150,000 to £7,500,000
• All types of residential property considered including new-builds, HMOs, semi-commercial, small blocks of flats and BTL portfolios.
• Land with planning consent and commercial property can also be considered.
• Foreign nationals and ex-pats considered with appropriate Know Your Customer (KYC) documentation and proof of residency supplied.
• Available to private individuals, corporate entities, Special Purpose Vehicles (SPVs) and off-shore limited companies.
• Credit-approved term sheets typically issued inside 24 hours.

Please note: this is not an exhaustive list of requirements.

Possibilities rediscovered... our ‘Outside the Box’ bridge solutions.

Shading into conventional lending but with a tone and focus of its own, our ‘Outside the Box’ lending palette offers elastic solutions for more complex bridge scenarios. These might include, but are not necessarily limited to, the following:

• Where the loan size is greater than £3,000,000.
• Where the property type or tenure is not conventional, e.g. short leases etc.
• Where the borrower has a need to refinance an existing overdue facility, e.g. to re-bridge a bridge.
• Where a mezzanine loan is required.
• Where multiple properties and/or land is offered as additional security.
• Where the property is being acquired from an LPA receiver or is a distressed sale at an under-value price.

Unconventional doesn’t mean impossible. That’s why we prefer to take an ‘Outside the Box’ approach to cases that merit it.

We don’t pre-judge. We prefer to listen. So call us if you have a client whose circumstances don’t quite fit the more rigid requirements of some other bridging lenders. You’ll get a sympathetic hearing and a rapid decision from our experienced team.

For more information, call the team on: +44 (0)20 7846 9030

Refurbishment

Competitive funding support for experienced developers

Lending criteria:

• Experienced developers only.
• First charge only.
• England and Wales.
• All products to offer up to 70% day one and 100% of costs of works (in arrears). Up to 75% day one assessed on an individual/ exception basis.
• Rates from 0.79% p/m
  
  
  • Light Refurbishment (no planning permission required)
    • Redecoration
    • Replacement or change of kitchens and bathrooms
    • Plumbing and drainage work
    • Internal re-configuration (non-load bearing walls)
    • Rewiring and other electrical remedial works
    • Repurposing one or more rooms
    • Most non-structural improvements
    • Asset Manager monitoring only

• •  Heavy Refurbishment  
    • Sub 25% square footage extensions
    • Light structure works i.e. loft conversions
    • Internal and external structural works
    • Property extensions and conversion projects
    • Any project that requires planning permission & building regulations
    • Asset Manager monitoring only
  •  Light Refurbishment - Change of Use (from one planning classification to another, i.e. office to resi). 
    • Development costs of up to £500,000
    • Over 25% square footage
    • No out of the ground builds
    • Maximum loan-to-cost of 85%
    • Maximum loan-to-gross-development-value  of 70%

• Heavy Development - Change of Use (from one planning classification to another, i.e. office to resi). 
  
  • Development costs of up to £1,000,000
  • Over 25% square footage
  • No out of the ground builds
  • Maximum loan-to=cost of 85%
  • Maximum loan-to-gross-development-value of 70%

Auction Funding

A ready-approved hunting fund

Key features include:

• Funding available up to 85% of the purchase price or up to 75% of the valuation, whichever is the lower.
• A certified Offer of Finance subject only to final valuation and title clearance.
• Access to a dedicated legal team experienced in managing urgent property purchase matters.
• Title insurance specially negotiated to expedite the legal process and help overcome red tape and bureaucratic hurdles.
• The services of a carefully-selected Valuation Panel to provide prompt turnaround times (within 48 hours) and a copy of the final report immediately upon issue.
• Lending against bricks and mortar in England & Wales from £150,000 to £7,500,000

Designed with speed and confidence in mind, Auction Funding by Tuscan Capital provides the perfect solution for property bidders looking to close purchases quickly and with certainty.

For more information, call the team on: +44 (0)20 7846 9030

HMO FUNDING (Houses in Multiple Occupation)

Flexible borrowing options from your HMO lending specialist

At Tuscan Capital, we specialise in providing property professionals seeking to grow their exposure to the HMO sector with competitively-priced and highly flexible funding solutions.

Key features for our lending packages include:

• Funding available up to £3,000,000

• Funding of purchase price up to 75% LTV

• Funding of refurbishment costs up to 100%

• Funding up to a total of 65% of LTGDV

• Fast, flexible delivery of funds and a simple drawdown process

• Industry leading service at competitive pricing

Click on the link below for more information or call our team on: +44 (0)20 7846 9030

YOUR GUIDE TO HMO FUNDING

Development Exit Bridge

A development exit bridge can help developers refinance their existing development finance facility and provide extra time to sell their units.

Key features for our development exit finance include:

• Funding available from £150,000 to £10,000,000
• Rates from 0.69%pcm
• Funding up to 75% LTV
• Funding available close to or on practical completion.
• Prevents development finance extension fees and can facilitate cash releases for other projects.
• Industry leading service at competitive pricing

For more information, call the team on: +44 (0)20 7846 9030 or email info@tuscancapital.co.uk

Commercial Bridging

Commercial Bridging by Tuscan Capital. Available Nationwide. Up to 65% LTV.

Key Features: 

• Up to 65% LTV.
• Loans from £100k to £1m.
• Terms from 3-18 months.
• Nationwide coverage (England & Wales).
• Please call our team on +44 (0)20 7846 9030 or email info@tuscancapital.co.uk