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.

8 June 2022

Development Loan

The project was a joint venture between two UBOs (ultimate beneficial owners) with a company established as the holding vehicle for the project, both UBOs were experienced property developers.

The development consisted of two linked buildings that were currently vacant but laid out as office accommodation and the Borrower had obtained planning permission to build 31 apartments on the site.

The scheme, once completed was “Help to Buy” registered and made available on the open market.

The loan was repaid through the sale of the units.

All news

Related stories

7 June 2023 | Insights

6 ways to limit your risk of Planning delays

Are your projects suffering Planning delays?   Well, you are not alone! We have put together a helpful checklist for
RIBA plan of work

27 April 2023 | Insights

RIBA plan of work – 8 stages for success

The Royal Institute of British Architects (RIBA) define the RIBA Plan of Work as “the definitive model for the design

13 April 2023 | Insights

Importance of development funding – 3 tips for choosing a reliable lender

Development funding is an essential aspect of property development, as it provides the necessary capital to carry out development projects.

Get in touch

Our Team of experts are keen to talk to you about your property finance requirements or funding with Sancus.

Contact us
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.