A facility to assist with the construction of three houses on a site in Cork.
The Borrower used an SPV for the project of three 3,000 sq. ft. houses.
The estimated construction timeline was 6 months, however a term length of 18 months was sought to allow sufficient time for full fit-out and the raising of conventional mortgages.
An experienced developer oversaw the project, supported by a local builder.
Our Team of experts are keen to talk to you about your property finance requirements or funding with Sancus.
Contact us
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.
