The Sancus Group has announced the launch of its new electronic platform for bridging and property development lending in the UK.
The UK business provides funding opportunities for institutional and high net worth investors (minimum participation £100,000) through its FCA authorised subsidiary, Sancus Funding Limited.
Asset backed loans from £500,000 upwards will be available to borrowers. Sancus recognises that a borrower’s key requirements are speed and certainty when dealing with lenders, this further expansion of their presence in the UK will benefit both borrowers seeking an efficient and straightforward service and funders who are seeking a yield/income higher than current cash rates or other alternatives.
Dan Walker, Managing Director, Sancus Funding (UK) says, “There is significant demand in the bridging and development finance market in the UK where the fundamentals for alternative finance remain strong and we are pleased to have recently completed the first loan on our new electronic trading platform.”
Andrew Whelan (CEO, The Sancus Group) added, “The Group passed the £1bn funding milestone earlier this year, and with significant growth over the last few years in asset backed lending, this is the right time to direct more resources towards expansion in the UK market. We have made significant investment in technology to support this growth, allowing us to concentrate our efforts into robust credit processes, which remain a key strength of the business.”
The launch of the new platform is covered in the following press: