![](https://d38zsuxv3iifb7.cloudfront.net/app/uploads/2022/05/Borrowers_Ireland_case_study_1-1024x416.jpg)
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.