Following its acquisition by Allica in August last year, bridging lender Tuscan Capital has announced its’ full integration into the Allica Bank brand.
The acquisition represents Allica’s first entry into the bridging market, combining Tuscan’s specialist bridging expertise with its own funding base and distribution network
With the rebrand concluded, Tuscan’s name, logo and website have all switched to Allica Bank branding and its team have all officially become part of Allica.
To meet a growth in demand, Allica’s newly-rebranded bridging business development, underwriting and client services teams have also been expanded across the UK. Among others, Scott McClymont joins from Signature Finance as business development manager for Scotland, Andy Reeder has been promoted to the role of business development manager for the Home Counties, while John Craig has been promoted to take charge of the client services department.
Commenting on the rebrand Tuscan Capital founder Colin Sanders 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.”