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.”

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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.