Residential development loan funding the construction of 19 houses in a Cork city commuter village.
The borrower, who is an experienced builder developer, is a repeat client of Sancus.
The initial loan was for 14 houses but this was increased and partially recycled to facilitate the construction of an additional 5 houses on receipt of planning permission.
The loan was fully repaid following the sale of the houses on the private market.
Our Team of experts are keen to talk to you about your property finance requirements or funding with Sancus.
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