Ireland
Property bridging and development finance in Ireland and Northern Ireland
Straightforward property development finance and bridging loans for developers, property investors, professional landlords and entrepreneurs in Ireland and Northern Ireland.
Our experienced Ireland-based team of property finance professionals understand the need for clarity, transparency, efficiency and speed of execution when funding property development projects and supplying bridging finance.
| Asset Type | Residential properties | |
| Purposes | Site acquisition, Development and Refinancing | |
| Loan Size | €500k to €10m | |
| Term Length | up to 24 months | |
| LTV/LTC | up to 85% | |
| Where | Republic of Ireland and Northern Ireland | |
| Who we lend to | Professional landlords, property investors and property developers | |
| Typical Borrower | SPVs | |
| Type of Projects | Ground-up developments of 1 to 100 units, major structural renovation of an existing building, office to residential conversion, residential, mixed-use, HMOs. | |
| Rates | From 8.5% pa plus fees | |
| General Criteria |
|
| Asset Type | Residential properties | |
| Purposes | Refurbishment, Renovation and Planning Intensification | |
| Loan size | €500k to €10m | |
| Term Length | 6 to 24 months | |
| LTV/LTC | 65%/85% | |
| Where | Republic of Ireland and Northern Ireland | |
| Who we lend to | Professional landlords, property investors and property developers | |
| Typical Borrowers | SPVs | |
| Types of Projects | Residential, mixed-use, single or multiple properties, auctions, HMOs, light to heavy refurbishment, pre-63 | |
| Rates | From 8.5% pa plus fee | |
| General Criteria |
|
| Asset Type | Residential Properties | |
| Purposes | Property Bridging | |
| Loan Size | €500k to €10m | |
| Term Length | 6 to 12 months | |
| LTV/LTC | 65% | |
| Where | Republic of Ireland and Northern Ireland | |
| Who we lend to | Professional landlords, property investors and property developers | |
| Typical Borrower | SPVs | |
| Types of Projects | Residential, mixed-use, single or multiple properties, auctions, HMOs, pre-63 | |
| Rates | from 8.5% pa plus fees | |
| General Criteria |
|
Helpful articles for Borrowers
Sancus Lending (Ireland) offer fast, flexible residential property finance, allowing Borrowers to take advantage of new opportunities to grow their businesses or property portfolios prior to refinancing with a traditional lender or selling onwards.
Our highly experienced team use their deep understanding of the property market to ensure we get all the important information up-front so we don’t waste your time.
We will act fast and advise quickly if your loan proposition is a good fit and move things forward at a speed that works for you. We know how important it is to have certainty and support from your lender when committing to a project and we often develop long-term relationships with our Borrowers; funding and working with them on numerous projects.
We firmly believe in transparent relationship-lending; our team works closely with each Borrower to understand their development finance or bridging loan needs then mould our financing to make borrowing from us as straightforward as possible.
We offer finance across the whole of Ireland and Northern Ireland.
It was a pleasure dealing with Sancus who took a commercial and hands on approach in closing the loan quickly. We are also impressed with the speed and efficiency of monthly drawdowns, which is crucial in our business.
Ben Curtin, Founder, Mount Collins Homes
Borrower
Borrowers Ireland Case Study
Development Loan
The loan funded site acquisition and is funding the ongoing development of 59 residential units in North County Wicklow.
The borrower, who is a repeat client of Sancus, is an experienced developer.
The development will be completed on a phased basis with the loan available to be redrawn to fund subsequent phases. The completed units will be sold on the open market.
| Jurisdiction of Asset | Amount of loan | GDV |
|---|---|---|
| Wicklow, Ireland | €8.45m | €26.5m |
| Term | Interest | LTC |
|---|---|---|
| 2 years | Fully rolled up | 84% |
Borrowers Ireland Case Study
Bridging Loan
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.
| Jurisdiction of asset | Amount of loan | Value of property |
|---|---|---|
| Kilkenny, Ireland | €1.1m | €1.765m |
| Interest | Term | LTV |
|---|---|---|
| Serviced quarterly | 1 year | 63% |
Borrowers Ireland Case Study
Development Loan
Sancus provided an initial loan to fund the development of 38 houses in Monaghan on a phased basis, all of which were sold to an Approved Housing Body (who in turn leased the houses to the local council for social housing provision).
During the term of the first loan Sancus assisted the Borrower by refinancing another development in Dundalk and providing development finance to construct 8 houses, which were sold on the private market.
The loans, which were cross collateralised, have been full repaid.
An introducer fee was paid to the broker on loan closing.
| Jurisdiction of asset | Amount of loan | GDV |
|---|---|---|
| Monaghan and Louth, Ireland | €3.9m | €10.68m |
| Term | Interest | LTC |
|---|---|---|
| 2 years | Fully rolled up | 71% |
Certainty and professionalism ready when you are
To discuss a potential case please contact:
Michael Mooney
Managing Director (Ireland)
Sean Mulleady
Director of Business Development (Ireland)
Geoff Savage
Director of Lending (Ireland)
