New role follows significant growth in Group’s loan book.
AIM listed property lender, Sancus Lending Group, has appointed Joshua Eyre as Managing Director of their offshore business, including Jersey, Guernsey and Gibraltar.
The specialist property development and bridging provider’s recently published interim results show £86m new loan facilities written in the first half of this year, a growth of 60%.
Josh, who is based in Jersey, has 20 years’ experience in finance, across a breadth of roles spanning the industry, including mortgages and banking for a combination of retail, intermediary and family office clients. Widely experienced in credit, as well as banking and investments, Josh holds CeMAP & Level 6 PCIAM through the Chartered Institute of Securities and Investments.
Josh says, “Having joined in a transitional phase for the offshore business in 2021, I am delighted to have taken up the role as Managing Director, as we look to build on the foundations set over the last 12 months. Due to its heritage in the alternative lending space, Sancus continues to be at the forefront of development and bridge options within its respective jurisdictions, consolidating our position as the lender of choice for established developers. We hope to offer a steady hand for those undertaking projects in a sector that has seen many providers pull back. Our increase in loan book origination will also allow us to offer new funding opportunities for our Co-Funders.”
Rory Mepham, (CEO, Sancus Lending Group), “I am delighted that Josh has accepted this newly created position across our offshore jurisdictions. He has built a dedicated team around him, particularly in Jersey where there were some significant changes to manage, and he has done a fantastic job of building relationships with borrowers and Co-Funders alike.”
For Sancus Lending Group Enquiries, please contact:
+44 7988 563139
Sancus Lending (UK) Limited
The News Building,
3 London Bridge Street,
About Sancus Lending Group
Sancus Lending Group is a specialist lender offering bridging, development and refurbishment property finance to property developers and investors, professional landlords and construction specialists.
Sancus offers Borrowers a simple, efficient alternative to traditional lenders. Bridging loans start at £100,000 at term lengths up to 24 months and development loans from £500,000 at term lengths of 6 to 24 months. The maximum loan Sancus has completed to date is £22m with the majority of loans being between £2m – £10m (€2m – €10m).
Sancus operates a multi-tiered funding model, sources of funding include proprietary capital, Sancus Co-Funders and Institutional funding lines, including The Sancus Loan Note Program. Co-Funders include family offices, HNWIs and private clients. Sancus also has a £75m funding line with Honeycomb Investment Trust.
Co-Funders are offered a range of asset backed; risk adjusted funding opportunities at variable term lengths.
Sancus has provided in excess of £1billion of funding to developers, SMEs and entrepreneurs and has offices in the UK, Ireland, Jersey, Guernsey and Gibraltar.
For more information, visit www.sancus.com.
You can also follow us on LinkedIn https://www.linkedin.com/company/the-sancus-group