The Borrower, an experienced property developer in Ireland had purchased the site in 2017.
Planning was achieved in 2019 to develop 26 residential units, including 12 apartments, 10 premium apartments and 4 terraced houses.
The development is situated in an affluent and sought after suburb of Dublin, 6 miles from the city centre in a prime residential neighbourhood.
The loan shall be repaid from the proceeds of sale of the units, most likely to a PRS (private rented sector) buyer.
Our Team of experts are keen to talk to you about your property finance requirements or funding with Sancus.
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