Fast and reliable relationship lending in England, Scotland and Wales

The Borrower was introduced to Sancus by ACDS Consultants, a boutique debt advisory practice based in the West Midlands.

The loan, for the development of 33 apartments in central Birmingham, involved negotiation of an overage agreement as well as a complex build programme due to the site location for the development.

ACDS  provides advice and source debt facilities across a wide range of sectors and are a highly regarded intermediary in the region and have been working with Sancus in the UK since 2019, completing a number of loans together during this time.

“Sancus offered a well-structured facility that didn’t change through the completion process, we also discovered how tenacious the team at Sancus can be through to completion. This ensured that we closed a loan in a highly complex situation that other lenders may have not had the stamina to complete. We have complete confidence in recommending Sancus for short/medium term property financing. With Sancus it’s a relationship led approach and that makes a big difference in delivering good outcomes.

It’s important for our clients that we are able to provide them with options that we know are reliable and match them with lenders that will deliver on their promises. When we talk to Sancus we know that we are talking to experienced people who are able to quickly understand our clients’ requirements.

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

The Introducer was established in 2004 to transact in unregulated specialist lending, focussing on BTL (Buy-To-Let), HMO (House in multiple occupancy) and bridging finance.

The Borrower had already developed a similar property and would be using the same contractor for the new development.

They had initially planned to undertake a light refurbishment of the property but having subsequently obtained planning permission decided to convert the bungalow to a 4-bedroom house.

The Borrower’s original lender advised that they were not able to fund the change in the project, so their introducer suggested funding from Sancus.

The introducer, Gurgit Basi of Barstow Bradstock Associates (BBA) was well known to Sancus. BBA have been property brokers for over 40 years.

The loan was to facilitate the purchase and development of 9 houses in West Sussex.

The Borrower was an SPV (special purpose vehicle) formed for the purpose of developing the project, with the owner and the guarantor of the SPV having already undertaken 3 smaller developments.

The development comprised 3 detached and 6 semi-detached houses.

The loan will be repaid from the sale of units or refinancing on practical completion.