"Following our launch last month, the response from intermediaries and potential customers has been immensely encouraging."
Tuscan was launched by Colin Sanders, former CEO of Omni Capital/Fortwell Capital, and will provide additional new funding to the non-regulated real estate bridging sector, promising to offer “outside the box” short-term funding solutions.
New additions to the team include Dena Thompson who has been appointed to head of credit & risk, responsible for the underwriting and credit management of loans from origination through to redemption.
Thompson has over 11 years' experience in the bridging sector and joins from Urban Exposure where she was director of credit. Prior to this, she held senior underwriting and credit positions at Alternative Bridging Corporation and Fortwell Capital.
Andy Reeder has joined as client services manager, responsible for discussing and structuring new deals and building and maintaining key relationships with introducers, valuers, solicitors and real estate investors.
Reeder was previously part of the client services team at Fortwell Capital and, before that, Omni Capital Partners. He also gained experience as a field BDM with the specialist mortgage lender Money Partners.
Henry Bowcock is Tuscan's new business analyst providing operational, analytical and logistical support to Tuscan Capital’s sales, credit & risk and PR & marketing functions.
Bowcock joins Tuscan Capital direct from development lender Imperial Blue Finance where he held a business internship.
CEO Colin Sanders said: “Following our launch last month, the response from intermediaries and potential customers has been immensely encouraging. Deal-flow is strong, and we’re working hard to fulfill the expectations rightly demanded of a new lender seeking a place in a highly competitive market.
“Having the right team in place is critical to our future success which is why I’m delighted to welcome Dena, Andy and Henry to Tuscan Capital.
“They represent an ideal blend of experience and freshness. As a lender that prides itself on combining traditional values with new thinking, I couldn’t ask for a better intake at this time.”
