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Offshore

Property bridging loans and development finance in Jersey, Guernsey and Gibraltar.

Straightforward property development finance and bridging loans for developers, property investors, professional landlords and entrepreneurs in the Channel Islands of Jersey and Guernsey and Gibraltar.

Our experienced teams of property finance professionals are based offshore with expert knowledge of the local markets. They understand the need for clarity, transparency, efficiency and speed of execution when funding property development projects and supplying bridging finance.

Contact our Offshore team

Asset Type Residential Properties
Purposes Property Bridging
Loan Size £250k to £10m
Term Length 6 to 24 months
LTV/LTC 70%
Where Jersey, Guernsey & Gibraltar
Who we lend to Professional landlords, property investors, property developers, first-time investment, foreign Nationals, Ex-Pats, LLPs, Ltds, PLCs, SPVs
Typical Borrower Private Individuals, Investors, Developers, Corporates
Types of Projects Residential, semi-commercial, mixed-use, single or multiple properties, auctions, HMOs
Rates From 8.5% pa plus fees
General Criteria
  • No outstanding CCJs, bankruptcies or poor credit, but explicable historic adverse credit considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence
  • Robust exit strategy
Asset Type Residential Properties
Purposes Development and Refinancing
Loan Size £500k to £10m
Term Length 6 to 24 months
LTV/LTC 70%
Where Jersey, Guernsey & Gibraltar
Who we lend to Property Investors, Property Developers, Foreign Nationals, Ex-Pats, LLPs, Ltds, PLCs, SPVs, HNWIs, Trusts, Funds, Family Offices
Typical Borrower Experienced Developers with funds to commit to the project
Types of Projects Ground-up developments of 1 to 50 units, major structural renovation of an existing building, office to residential conversion, residential, semi-commercial, mixed-use, HMOs
Rates From 8.5% pa plus fees
General Criteria
  • No outstanding CCJs, bankruptcies or poor credit, but explicable historic adverse credit considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence
  • Robust exit strategy
Asset Type Residential Properties
Purposes Refurbishment and renovation projects
Loan Size £250k to £10m
Term Length 6 to 24 months
LTV/LTC 70%
Where Jersey, Guernsey & Gibraltar
Who we lend to Professional landlords, property investors, property developers, first-time investment, foreign Nationals, Ex-Pats, LLPs, Ltds, PLCs, SPVs
Typical Borrower Private Individuals, Investors, Developers, Corporates
Types of Projects Residential, semi-commercial, mixed-use, single or multiple properties, auctions, HMOs, light to heavy refurbishment
Rates From 8.5% pa plus fees
General Criteria
  • No outstanding CCJs, bankruptcies or poor credit, but explicable historic adverse credit considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence
  • Robust exit strategy
Asset Type Loans secured on financial instruments other than property
Purposes Bridging, Refinancing and Capital Raise
Loan Size £500k to £10m
Term Length 6 to 24 months
LTV/LTC 70%
Where Jersey, Guernsey & Gibraltar
Who we lend to Foreign Nationals, Ex-Pats, LLPs, Ltds, PLCs, SPVs, HNWIs, Trusts, Funds, Family Offices
Typical Borrower Private Individuals, Investors, Corporates
Types of Projects Lending against company shares, bond portfolios, investment funds and similar assets.
Rates From 8.5%pa plus fees
General Criteria
  • No outstanding CCJs, bankruptcies or poor credit, but explicable historic adverse credit considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence
  • Robust exit strategy

Sancus Lending offer fast, flexible residential property finance, allowing Borrowers to take advantage of new opportunities to grow their businesses or property portfolios prior to refinancing with a traditional lender or selling onwards.

Our highly experienced teams use their deep understanding of the local property market to ensure we get all the important information up-front so we don’t waste your time.

We will act fast and advise quickly if your loan proposition is a good fit and move things forward at a speed that works for you. We know how important it is to have certainty and support from your lender when committing to a project and we often develop long-term relationships with our Borrowers; funding and working with them on numerous projects.

We firmly believe in transparent relationship-lending; our team works closely with each Borrower to understand their development finance or bridging loan needs then mould our financing to make borrowing from us as straightforward as possible.

We offer finance across the Channel Islands (Jersey and Guernsey) and Gibraltar.

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Sancus take an holistic view of each deal, looking to remove obstacles rather than create them, they are a great team, really easy to deal with.”

Jonathan Ruff

Borrower

two people standing over house model
Borrowers Offshore Case Study
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Bridging Loan

Bridging Loan

Sancus was recommended to the Borrower via an existing relationship with the Sancus Gibraltar team.

The Borrower owned an investment property in Gibraltar which was being sold to finance the purchase of another building.

The sale of the property had fallen through as the purchaser failed to raise a mortgage in time, so it was put back on the market but the Borrower needed to purchase the new property within a certain timeframe to ensure they did not lose it.

 

Jurisdiction of Asset Amount of Loan LTV
Gibraltar £200,000 56%
Term Interest Early Repayment Penalty
12 months Serviced quarterly Minimum 3 months, repayments permissible any time
Borrowers Offshore Case Study
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Bridging Loan

Bridging Loan

A bridge against a property in Alderney to provide funds towards furnishing a property in Florida, USA.

The Borrower was a property developer that lived between the Channel Islands, the UK and the USA and he owned titles on 10 properties/land across all three jurisdictions.

This was the second bridging loan the Borrower had taken with Sancus, the first one being in 2019 which was used to repay existing debt on property in the USA.

The loan was repaid through proceeds of sale on the property in Florida.

Jurisdiction of Asset Amount of Loan LTV
Alderney, Channel Islands £600,000 43%
Term Interest Early Repayment Penalty
15 months Serviced monthly Minimum 3 months, repayments permissible any time
Borrowers Offshore Case Study
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Development Loan

Development Loan

The developer, a long standing, repeat borrower with Sancus had an impeccable track record in terms of servicing and repayment of previous loans with Sancus.

The loan was used to assist with the purchase of a portfolio of 33 properties, the majority being residential units of between 1 and 4 bedrooms.

The properties, though mainly tenanted were in need of some cosmetic updating.

The developer planned to work on the properties over a two year period to ensure the rent continued to be received to service the interest, terminating the leases on circa 5 properties at a time, refurbishing them and then selling on.

“I have been using Sancus for bridging and development finance on a number of projects for several years now. I have closed on transactions in less than 2 weeks, giving me an advantage when purchasing properties. The terms are flexible and they will take part repayments or full repayment without substantial penalties.”

Jurisdiction of asset Amount of loan Value of property
Jersey, Channel Islands £3,100,000 £4,250,000
LTGDV Term Early Redemption Penalty
61% 24 months 3 months minimum interest payable

Certainty and professionalism ready when you are

To discuss a potential case please contact:

Joshua Eyre

Managing Director (Offshore)

T+44 (0)1534 708 900

M+44 (0) 7797 714 265

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LinkedIn

Neil Spacie

Director, Head of Offshore Origination

(Offshore)

T+44 (0)1534 708 913

M+44 (0)7829 908123

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LinkedIn
Stephen House in front of windows

Stephen House

Business Development Manager

(Jersey)

T+44 (0)1534 708 908

M+44 (0)7797 827 513

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LinkedIn
Headshot of Lino Brydges

Lino Brydges

Business Development Manager (Gibraltar)

T+350 200 13705

M+350 5647 0000

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LinkedIn
Risk Warning: Don’t invest unless you’re prepared to lose money. This is a high-risk investment. You may not be able to access your money easily and are unlikely to be protected if something goes wrong. Take 2 mins to learn more.

Funding through Sancus is entirely at your own risk and the decision whether or not to is solely yours. The return on any funding opportunity is dependent on a number of factors and cannot be guaranteed. We cannot give assurances as to the creditworthiness of any borrowers, the collectability of any repayment, the quality and accuracy of any information obtained in respect of any funding opportunity or the enforceability of any security. In the event of a default, the timescales and outcome of any recovery is inherently uncertain. By using the platform, you knowingly accept the foregoing risks and you further accept that the role of Sancus is limited to providing an online marketplace for users and that information obtained from Sancus does not constitute legal, financial, tax or other advice or recommendation in relation to a funding opportunity, and you will conduct your own research and form your own opinion as to whether or not to participate in a funding opportunity. There is no recourse to the Financial Services Compensation Scheme, or other such government run compensation schemes. The UK platform is operated by Sancus Lending (UK) Limited, a UK incorporated company which is authorised and regulated by the Financial Conduct Authority, firm reference number 593992.