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Ireland

Property bridging and development finance in Ireland and Northern Ireland

Straightforward property development finance and bridging loans for developers, property investors, professional landlords and entrepreneurs in Ireland and Northern Ireland.

Our experienced Ireland-based team of property finance professionals understand the need for clarity, transparency, efficiency and speed of execution when funding property development projects and supplying bridging finance.

Contact our Ireland team

Asset Type Residential properties
Purposes Site acquisition, Development and Refinancing
Loan Size €500k to €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
  • Explicable historic adverse credit history considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence
Asset Type Residential properties
Purposes Refurbishment, Renovation and Planning Intensification
Loan size €500k to €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
  • Explicable historic adverse credit history considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence
Asset Type Residential Properties
Purposes Property Bridging
Loan Size €500k to €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
  • Explicable historic adverse credit history considered on a case by case basis
  • 1st charge security required in all cases
  • Satisfactory Due Diligence

Sancus Lending (Ireland) 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 team use their deep understanding of the 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 whole of Ireland and Northern Ireland.

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It was a pleasure dealing with Sancus who took a commercial and hands on approach in closing the loan quickly. We are also impressed with the speed and efficiency of monthly drawdowns, which is crucial in our business.

Ben Curtin, Founder, Mount Collins Homes

Borrower

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Ireland Case Study
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Development Loan

Development Loan

The loan funded site acquisition and is funding the ongoing development of 59 residential units in North County Wicklow.

The borrower, who is a repeat client of Sancus, is an experienced developer.

The development will be completed on a phased basis with the loan available to be redrawn to fund subsequent phases. The completed units will be sold on the open market.

Jurisdiction of Asset Amount of loan GDV
Wicklow, Ireland €8.45m €26.5m
Term Interest LTC
2 years Fully rolled up 84%
Ireland Case Study
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Bridging Loan

Bridging Loan

The loan of €1.1 million was secured on a 5,700 sq. ft. luxury house on the Mount Juliet Estate, County Kilkenny valued at €1.765 million.

The borrower, who is a repeat client of Sancus, is a sophisticated property investor.

Sancus facilitated a quick closing to secure the acquisition of the Property.

Following the acquisition of the property the borrower carried out some minor refurbishments before letting the property.

The Borrower will let the property on a short stay basis and, once income is stabilised, will seek to refinance the loan with conventional long-term debt.

Jurisdiction of asset Amount of loan Value of property
Kilkenny, Ireland €1.1m €1.765m
Interest Term LTV
Serviced quarterly 1 year 63%
Ireland Case Study
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Development Loan

Development Loan

Sancus provided an initial loan to fund the development of 38 houses in Monaghan on a phased basis, all of which were sold to an Approved Housing Body (who in turn leased the houses to the local council for social housing provision).

During the term of the first loan Sancus assisted the Borrower by refinancing another development in Dundalk and providing development finance to construct 8 houses, which were sold on the private market.

The loans, which were cross collateralised, have been full repaid.

An introducer fee was paid to the broker on loan closing.

Jurisdiction of asset Amount of loan GDV
Monaghan and Louth, Ireland €3.9m €10.68m
Term Interest LTC
2 years Fully rolled up 71%

Certainty and professionalism ready when you are

To discuss a potential case please contact:
Headshot of Michael Mooney

Michael Mooney

Managing Director (Ireland)

T+353 (0)1 477 3611

M+353 (0)87 973 5862

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LinkedIn
Headshot of Geoff Savage

Geoff Savage

Director of Lending (Ireland)

T+353 (0)1 477 3612

M+353 (0)87 781 8675

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LinkedIn

Sean Mulleady

Business Development Manager (Ireland)

T+353 (0)1 477 3612

M+353 (0)85 149 6438

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LinkedIn
Risk Warning: You could lose all or part of your capital. Indicated returns, unless otherwise stated, are shown before any provision for bad debts and may be subject to tax.

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.