Bridging loan company Toscana Capital, which was acquired by Arica Bank in the summer, has strengthened its product range and standards.
The short-term real estate lender says the sale will allow it to expand its services with support from Arica. This includes: 
Commercial LTV improved from 65% to 70% of 90 day vacancy valuation, expanding commercial appetite with loans from £3m to £10m Renovation capacity increased to 75% with loans up to £2m Increase to LTV, up to 70% LTV from £1m Fast track residential bridge loans, including remote valuation and title insurance
Challenger bank Arica acquired Tuscan Capital from British investment firm Quillum Capital in August for an undisclosed sum.
Colin Sanders, CEO of Tuscan Capital, said:
“We really look forward to sharing what else will be required in the coming months and encourage brokers to contact their business development managers to learn more. ”
