Short-term lender Tuscan Capital has now been fully integrated into the Allica Bank brand following its acquisition by the bank in August last year.
With the rebrand now complete, Tuscan’s name, logo, and website have transitioned to Allica Bank branding, while the entire Tuscan team has officially become part of Allica.
As part of the rebrand, Allica has introduced several changes to its bridging finance offering. These include reduced pricing for residential bridging, further refinements to its FastTrack application process, and a strengthened focus on its commercial bridging proposition.
Allica has expanded its newly rebranded bridging business development, underwriting, and client services teams across the UK. Key appointments include Scott McClymont, who joins from Signature Finance as business development manager (BDM) for Scotland, and internal promotions such as Andy Reeder to BDMr for the Home Counties and John Craig to lead the client services department.
Colin Sanders, founder of Tuscan Capital, said: “I am really pleased with how the integration of Tuscan into Allica has gone so far. The joint vision that I and the Allica team had to truly shake up the bridging market by building a bridging lender with extensive lending expertise, the ability to move fast, and provide certainty in funding is already bearing fruit.
“This rebrand is a major final step in the integration of Tuscan into Allica, but we’re still only at the beginning of what Allica’s bridging proposition will be. The new hires we’ve brought into the team and proposition enhancements are great proof of this. My former Tuscan colleagues and I are excited to be a part of it.”
Justin Trowse (main picture), head of bridging at Allica Bank, added: “The initial months working with the team have been incredibly productive and we’re delighted that they are now officially part of the Allica family.
“Allica’s ambition is to build a £500 million bridging loan book by 2027, a goal that relies on meeting genuine market needs. With our strengthened internal expertise, the knowledge gained from years in the market, and the constructive feedback we continue to receive from our outstanding broker community, we are well-positioned to achieve this ambitious target.”
