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.

21 April 2022

Bridging Loan

A bridge against a property in Alderney to provide funds towards furnishing a property in Florida, USA.

The Borrower was a property developer that lived between the Channel Islands, the UK and the USA and he owned titles on 10 properties/land across all three jurisdictions.

This was the second bridging loan the Borrower had taken with Sancus, the first one being in 2019 which was used to repay existing debt on property in the USA.

The loan was repaid through proceeds of sale on the property in Florida.

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.