Tuscan Capital, the short-term property finance specialist, has today announced that Richard Deacon has joined the lender as Sales Director, responsible for managing the sales function and building the business’ intermediary distribution.

Richard will be responsible for market intelligence and ensuring that Tuscan’s proposition can compete at all levels, including on product, pricing, and process. He will have a seat on the board alongside Colin Sanders, Chief Executive Officer (CEO), and Ed Parsons, Chief Financial Officer (CFO).

Richard is steeped in bridging finance experience having enjoyed a successful career at Masthaven for over 14 years, running its sales team and building a highly effective nationwide network of brokers.

Having started his career in financial services in the 1990s working for HFC Bank, Abbey, and spending several years as a National Account Manager at Personal Touch Packaging, Richard has an excellent understanding and empathy for intermediaries of all types.

Tuscan Capital provides non-regulated bridging finance to the residential, commercial, semi-commercial, HMO, and mixed-use real estate sectors in England and Wales.

 Colin Sanders, CEO at Tuscan Capital, said:

“We are delighted and excited to have secured Richard as our sales director as I have known him as a highly respected industry figure for many years and believe he is an ideal fit for our business to help take us to the next level.

"Since our launch in 2018 Tuscan has built its business in a controlled and methodical way which means we are well-placed and have a profitable and solid platform to support the growth we have planned alongside Richard’s arrival.

"It’s clear that Richard has a passion for the bridging industry, and he is motivated to help build the Tuscan proposition into one of the market leaders.”

Richard Deacon, Sales Director at Tuscan Capital, commented:

“I am really excited by the challenge of joining Tuscan Capital as sales director. Having seen the funding capacity, the team and culture of the business, and where it has got to in four years, I believe my appointment is perfectly timed to help develop and broaden the distribution to help the business achieve its growth ambitions.

"Whilst appreciating the market is competitive, I am confident that with the team and funding in place and its commitment to streamlining the process, Tuscan will soon be a force to be reckoned with.”

Last week, the finance provider revamped its residential bridging proposition by reducing its lowest headline rate to 0.64% per month and launched a new fast-track process to significantly speed up the application journey.

Click here to read the exclusive press release on Bridging & Commercial now. 

For more information or to get in touch with the team, please contact us: 

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A range of case studies demonstrating examples of previously completed loans can be found here.



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