IRELAND
Fast and reliable relationship lending in Ireland and Northern Ireland
We offer a wide range of bridging and development solutions, moulded to the unique requirements of your clients.
Sancus looks at each loan opportunity on a ācase by caseā basis but as a guide, we look for:
| Asset Type | Residential properties | |
| Purposes | Site acquisition, Development and Refinancing | |
| Loan Size | ā¬500k to ā¬10m | |
| Term Length | up to 24 months | |
| LTV/LTC | up to 85% | |
| Where | Republic of Ireland and Northern Ireland | |
| Who we lend to | Professional landlords, property investors and property developers | |
| Typical Borrower | SPVs | |
| Type of Projects | Ground-up developments of 1 to 100 units, major structural renovation of an existing building, office to residential conversion, residential, mixed-use, HMOs. |
|
| Rates | From 8.5% pa plus fees | |
| General Criteria |
|
| Asset Type | Residential properties | |
| Purposes | Refurbishment, Renovation and Planning Intensification | |
| Loan size | ā¬500k to ā¬10m | |
| Term Length | 6 to 24 months | |
| LTV/LTC | 65%/85% | |
| Where | Republic of Ireland and Northern Ireland | |
| Who we lend to | Professional landlords, property investors and property developers | |
| Typical Borrowers | SPVs | |
| Types of Projects | Residential, mixed-use, single or multiple properties, auctions, HMOs, light to heavy refurbishment, pre-63 | |
| Rates | From 8.5% pa plus fee | |
| General Criteria |
|
| Asset Type | Residential Properties | |
| Purposes | Property Bridging | |
| Loan Size | ā¬500k to ā¬10m | |
| Term Length | 6 to 12 months | |
| LTV/LTC | 65% | |
| Where | Republic of Ireland and Northern Ireland | |
| Who we lend to | Professional landlords, property investors and property developers | |
| Typical Borrower | SPVs | |
| Types of Projects | Residential, mixed-use, single or multiple properties, auctions, HMOs, pre-63 | |
| Rates | from 8.5% pa plus fees | |
| General Criteria |
|
Helpful articles for Introducers
We offer a wide range of bridging and development solutions, moulded to the unique requirements of your clients, our experienced team are here to give you and your client certainty that we deliver what we say we will.
We understand that you need to have confidence in us and that we support you and your client throughout the process, thatās why we have one point of contact from initial enquiry through to drawdown.
When we recommend funders to clients, Sancus will often be one of our top 3 because of the certainty, creativity and relationship focused approach they bring to transactions."
Steve Long
Director, ACDS Consultants
Introducers Ireland Case Study
Development Loan
Residential development loan funding the construction of 19 houses in a Cork city commuter village.
The borrower, who is an experienced builder developer, is a repeat client of Sancus.
The initial loan was for 14 houses but this was increased and partially recycled to facilitate the construction of an additional 5 houses on receipt of planning permission.
The loan was fully repaid following the sale of the houses on the private market.
| Jurisdiction of asset | Amount of loan | GDV of Property |
|---|---|---|
| Cork, Ireland | ā¬3.7m | ā¬6.93m |
| Interest | Term | LTV |
|---|---|---|
| Fully rolled up | 1.5 years | 63% |
Introducers Ireland Case Study
Refurbishment Loan
The loan was used to refurbish and extend a significant period residence.
On completion the loan was refinanced via a conventional lender.
An introducer fee was paid to the broker on loan closing.
| Jurisdiction of asset | Amount of loan | GDV of Property |
|---|---|---|
| Kildare, Ireland | ā¬1.1m | ā¬3.3m |
| Interest | Term | Loan to GDV |
|---|---|---|
| Fully rolled up | 1.5 years | 33% |
Introducers Ireland Case Study
Development Loan
The Loan of ā¬1.86 million was advanced to fund the development of 8 houses in Santry, north Dublin.
The loan was repaid from the sale of the completed houses to an Approved Housing Body (who in turn leased the houses to the local council for social housing provision).
An introducer fee was paid to the broker on loan closing.
| Jurisdiction of asset | Amount of loan | GDV of Property |
|---|---|---|
| Dublin, Ireland | ā¬1.86m | ā¬3.1m |
| Interest | Term | LTC |
|---|---|---|
| Fully rolled up | 1 year | 78% |
Certainty and professionalism ready when you are
To discuss a potential case please contact:
Michael Mooney
Managing Director (Ireland)
Geoff Savage
Director of Lending (Ireland)
Sean Mulleady
Business Development Manager (Ireland)
