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.