Sancus – Straight forward financing

Sancus Lending Group is listed on the Alternative Investment Market (AIM) and has offices in the UK, Ireland, Jersey, Guernsey and Gibraltar.

The company offers niche, short to medium term lending in the real estate sector, specialising in residential property bridging and development finance for brokers, introducers and their clients. The Group has lent over £1bn to a range of entities, including SMEs, developers, construction specialists and entrepreneurs since inception.

Sancus has knowledgeable teams based in each of its offices, with expert local knowledge and years of lending experience. Each Borrowers’ circumstances, asset base and needs are unique and an holistic view is taken of the Borrower and their assets by Sancus, offering flexibility in criteria and an ability to adapt quickly to the changing needs of each client.

Unlike traditional lenders that are often burdened with legacy systems and layered decision making structures, Sancus’ credit teams meet several times a week and make loan decisions quickly, giving Borrowers the certainty of funding they need to move forward with their projects.

The Team at Sancus place particular emphasis on speed of decision making and reliability of service, offering a single point of contact throughout for brokers and their clients to ensure a smooth, efficient service.

Development by Sancus  is aimed at property investors, developers, foreign nationals, ex-pats, LLPs, Ltds, PLCs, SPVs, HNWIs, trusts, funds and family offices. Loans may be used for residential development and refinancing with loan sizes from £500,000 to £10,000,000 (larger loans will be considered), term lengths from 6 to 24 months and LTV/LTC 75%/85%. Sancus lends to entities in England, Wales, Scotland, N Ireland, Ireland, Jersey, Guernsey, Gibraltar and Isle of Man.

Development by Sancus loans may be used for a range of projects, including ground up developments of 1 to 50 units, major structural renovations to existing buildings, office to residential conversion, residential, semi-commercial, mixed-use, HMOs and light to heavy refurbishment.

Bridge by Sancus for professional landlords, property investors, property developers, foreign nationals, ex-Pats and a variety of entities offers bridging and refurbishment loans from £100,000 to £5,000,000 at term lengths up to 24 months. LTV/LTC/refurbishment costs 75%/85%/100%.

Sancus bridging loans are used for residential projects, semi-commercial, mixed-use, auctions, PRS schemes, HMOs, light to heavy refurbishment and multiple assets.

Loans completed in the last few months in the UK include a loan of £9.2m at a 24 month term to support the development of 21 high specification detached houses in Great Ellingham, Norfolk, phase 1 of 9 phases comprising a total of 153 units. A loan of £885,000 to support the development of 7 houses in the Isle of Wight by an experienced developer and a loan of £2.6m to support the purchase and development of 9 houses near Bognor Regis.

In Ireland, recent loans completed include a €6m loan for a 40 house development near Galway City, and a £2.65m loan used for the refinancing of existing debt on a large country estate in Cork, Ireland.

In Jersey, a recent loan of £9.1m was used to assist with the development of 10 high specification units in a seafront location on the East of the Island.

The Sancus Team are always happy to talk through proposals and will always give a swift “no” if the project does not fit criteria, so no time is wasted. If the loan does proceed, we will work closely with the Borrower, always making sure the introducer is kept informed along the way.

In the UK, the sales team is led by Richard Whitehouse, supported by Mel Fourie (Head of Sales North), Jaxon Stevens (Head of Sales South), Bob Rowbotham, Emma Tempest and Saimir Kurti.

Please email contact@sancus.com for further information.

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