Through the refurbishment facility, developers can secure funding up to 100% of build costs and 70% of the purchase price, with pricing starting at 0.48% per month over BBR.

Refurbishment loans are available for both light- and medium-scale residential projects, up to a maximum of £1.5m.

Terms of up to 18 months can be secured on refurbishment projects in England and Wales.

Colin Sanders, CEO at Tuscan Capital (pictured above), said: “We have worked hard to secure a funding line which allows Tuscan to manage the entire process on the refurbishment facility ourselves.

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“Delivering the highest possible standard of service has always been central to our culture at Tuscan, and the fact we can assess, underwrite and handle the drawdown process in-house will deliver greater confidence to developers and brokers alike.”

Jaxon Stevens, sales director at Tuscan, added: “The new-look refurbishment offering sits alongside our residential fast track bridging loans, our development exit loans, and funding for properties available at below market value.

“As a result, Tuscan Capital has all of the bases covered when it comes to short-term residential finance and we would urge advisers looking for this type of finance for their clients to talk to us about how we can provide the right solution.”