GLI Finance rebrands to Sancus Lending Group

GLI Finance Limited, the AIM listed alternative finance platform has rebranded to Sancus Lending Group, following its AGM on 11th May.

The change in name reflects the company’s concentration on the alternative property finance sector which has proven to be the major growth area in the business over the last few years, led by the performance of its wholly owned subsidiary, Sancus Group Holdings.

Sancus specialises in property bridging and development financing from £500,000 to £10 million plus throughout the UK, Ireland, Jersey, Guernsey and Gibraltar, with a niche in dealing with more complex lending proposals due to the team’s extensive lending experience across multiple jurisdictions.

Alongside Sancus’ own proprietary capital, its funding sources include a £75m credit facility with Honeycomb Investment Trust, the Sancus Loan Note Programme and Sancus Co-Funders. Sancus Co-Funders include private clients, high net worth individuals (HNWIs), family offices, trusts and institutions.

Recently funded projects include a £4.9m development loan to build 27 houses in Cornwall, a €1.05m bridging loan on a 23 apartment complex in South County Dublin and a £9.1m loan to build and develop 11 houses in Jersey.

Andrew Whelan, CEO (Sancus Lending Group), said “The rebrand of GLI to Sancus and the subsequent concentration on our core business of property finance comes at a time when we are seeing a very vibrant, active and buoyant property market across all our jurisdictions, particularly in the UK and Ireland where there have been sizable increases in demand for residential housing, supported by a range of government initiatives.”

He adds, “We’re delighted to be supporting a number of schemes focused on the changes in “working from home/office” hybrid models brought about post-pandemic. We have also seen an increase in activity in the big cities and we are providing finance to some large urban projects in the Midlands and North West of England as well as Dublin, Ireland.”

Notes to editors

Media Contacts

For Sancus Lending Group Enquiries, please contact:
Amanda Overland
Amanda.overland@sancus.com
+44 1534 708912

Sancus Group Holdings
Windward House
La Route de la Liberation
St Helier
Jersey
JE2 3BQ

About Sancus Lending Group

Sancus Lending Group is a niche, alternative finance provider offering bridging and development property finance to small-medium enterprises (SMEs), high net worth individuals (HNWIs), property owners, developers and construction specialists whilst managing the associated risks for both Borrowers and Co-Funders.

Sancus offers Borrowers a simple, bespoke, efficient alternative to traditional lenders, specialising in bridging and development finance with minimum loans of £500,000 and term lengths of 6 to 24 months. The maximum loan to date is £22m with a “sweet spot” of £2m – £10m (€2m – €10m).

Sancus operates a three tiered funding model, with three sources of funding, including Sancus proprietary capital, Co-Funders and an Institutional funding line. Sancus participates in every loan with its own capital alongside Co-Funders which include institutions, family offices, HNWIs and private clients. Sancus may also draw from a £75m funding line with Honeycomb Investment Trust (HIT).

Co-Funders are seeking either diversification from the volatility associated with equity and bond markets or an alternative to the current low interest rates available by participating in a range of attractive, risk adjusted funding opportunities at variable term lengths.

Sancus has provided in excess of £1billion of funding to SMEs and entrepreneurs and has operations in the UK, Ireland, Jersey, Guernsey and Gibraltar.

You can also follow us on LinkedIn https://www.linkedin.com/company/the-sancus-group

 

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