Co-Funder Overview
What to expect as a Co-Funder with Sancus Sancus offers Co-Funders a range of asset backed funding opportunities in which they may participate with other Co-Funders in a syndicated loan. These opportunities come in a range of term lengths, risk-return profiles and are all credit approved by Sancus’ experienced credit team. Our asset backed lending service operates across multiple jurisdictions; UK, Ireland, Jersey, Guernsey, Gibraltar and Isle of Man. All loans are secured with tangible assets, property being our preferred security. We also insist on personal guarantees from the borrower where appropriate.
All loans have to be unanimously approved by the Sancus credit committee, which operates across all jurisdictions. Sancus participates in each loan alongside the Co-Funders to ensure both interests are aligned. Co-Funders include Private Clients, High Net Worth Individuals, Family Offices, Trusts and Institutions. Sancus also has a cred it facility with Honeycomb Investment Trust. The minimum allocation from a CoFunder is ÂŁ100,000 and a Co-Funder can typically expect returns in excess of 6% pa.
UK - Ireland - Jersey - Guernsey - Gibraltar - IOM v1.a Sancus BMS Group Limited, registered in Guernsey, Company Registration number 57766. Registered office Block C, Hirzel Court, Hirzel Street, St Peter Port, Guernsey, GY1 2NL
Sancus is not regulated to provide investment advice and private lending is not risk free. We strongly recommend Co-Funders take independent legal and financial advice before participating in funding opportunities.
Our loan process
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Sourcing identifying suitable loan opportunities, originated by a pro active, well connected team across multiple jurisdictions Profiling – understanding risk tolerance, income requirements and needs
Reviewing an Initial Credit Assessment proposal of the loan is submitted to the Group’s Credit Committee Approving – following approval from the credit committee an Offer Letter is sent to the Borrower outlining the terms we are willing to lend upon
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Syndicating – offering the loan to Co-Funders – Sancus participates in every loan, our interests are aligned with our Co-Funders Administrating of the legal and due diligence process, Sancus is the security and facility agent for the loan Monitoring – ensuring the loan is performing, if a borrower defaults Sancus will handle the default proceedings and keep all Co-Funders in the loan informed of the recovery process
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Reporting – Sancus has its own proprietary online platform which Co-Funders have dedicated access to
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A dynamic team, easy to deal with and extremely knowledgeable about their business. As a Co-Funder I would recommend Sancus
Sancus Platform Homepage
Extract from the Sancus Digital Platform for use by Co-Funders
UK - Ireland - Jersey - Guernsey - Gibraltar - IOM v1.a Sancus BMS Group Limited, registered in Guernsey, Company Registration number 57766. Registered office Block C, Hirzel Court, Hirzel Street, St Peter Port, Guernsey, GY1 2NL
George Baird, Non-Executive Director.
What to expect as a Co-Funder Sancus Co-Funders are on-boarded, which includes all Anti Money Laundering (AML) and Know Your Client (KYC) checks. Once the Co-Funder is signed off, they have access to the Sancus Platform, through which new funding opportunities are issued, in the form of Term Sheets. (see example below). If the Co-Funder is interested in funding an opportunity they may request further details, through the platform or from their relationship manager. The Co-Funder then requests an allocation to the loan through the platform or their relationship manager. Co-Funders may use the Platform to access data, legal and supporting documentation and gross loan statistics. Platform access is secured with double encrypted security.
Example of a Co-Funder Term Sheet Borrower/Type:
UK Company/Bridging
Purpose of loan:
Loan required to assist with the purchase of a site for residential development in Tyne & Wear
Loan Amount:
£3,100,000
Borrower Interest Rate:
10.5% pa
Co-Funder Interest Rate:
8.5% pa – Sancus will deduct 2% as an administration charge off the Borrower’s interest rate
Interest Paid:
Yes, initial 6 months interest paid upfront then the remaining quarter rolled up to the end of term
Term:
9 months
LTV:
64%
Value:
£5,350,000
Security:
A debenture and first legal charge over the property together with a charge over the shares of the Borrower
Guarantors:
Beneficial Owner
Repayment Strategy:
Development Facility
Completion Date:
July 2019
Risk Warning: Capital is at risk. Instant access to held funds cannot be guaranteed. No Financial Services Compensation Scheme (FSCS) protection.
UK - Ireland - Jersey - Guernsey - Gibraltar - IOM v1.a Sancus BMS Group Limited, registered in Guernsey, Company Registration number 57766. Registered office Block C, Hirzel Court, Hirzel Street, St Peter Port, Guernsey, GY1 2NL
Registered Office Addresses and contacts UK
Ireland
Jersey
Sancus Funding Limited 3rd Floor The News Building, 3 London Bridge Street, London, SE1 9SG T +44 (0)207 022 6528 E dan.walker@sancus.com
Sancus BMS (Ireland) Limited Harcourt Centre, Harcourt Road, Dublin 2 T +353 (0)87 973586 E michael.mooney@sancus.com
Sancus (Jersey) Limited Windward House, La Route de la Liberation, St Helier, Jersey, JE2 3BQ T +44 (0)1534 708900 E stephen.house@sancus.com
Guernsey
Isle of Man
Gibraltar
Sancus (Guernsey) Limited Block C, Hirzel Court, Hirzel Street, St Peter Port Guernsey, GY1 2NL T +44 (0)1481 708288 E matt.watson@sancus.com
Sancus (IOM) Limited* 2nd Floor Exchange House, 54–58 Athol Street, Douglas, Isle of Man, IM1 1JD *an affiliate company T +44 (0)1624 604101 E graham.sheward@sancus.com
Sancus (Gibraltar) Limited Third Floor, Heritage House, 233/3 Main Street Gibraltar, GX11 1AA T +350 200 13700 E stephen.obrien@sancus.com
Sancus Funding Limited is authorised and regulated by the Financial Conduct Authority, firm reference number 593992 and is a private company incorporated under the laws of England and Wales, company number 7534003. Sancus Sancus Sancus Sancus Sancus
BMS (Ireland) Limited is a company registered in Ireland, company number 602067. (Gibraltar) Limited is a company registered in Gibraltar, company number 112755. (Jersey) Limited is registered in Jersey, company number 113391. (Guernsey) Limited is registered in Guernsey, company number 58612. (IOM) Limited is a company registered in Isle of Man, company number 012528V.
All companies are part of Sancus BMS Group Limited, company number 57766, incorporated and registered in Guernsey. The Sancus BMS Group do not provide financial advice, for this please consult an independent financial advisor. Sancus do not provide private mortgages. We recommend Co-Funders take independent legal and tax advice. Risk Warning: You could lose all or part of your capital. Indicated returns, unless otherwise stated, are shown before any provision for bad debts and may be subject to tax. Instant access to funds cannot be guaranteed. There is no recourse to the Financial Services Compensation Scheme. UK - Ireland - Jersey - Guernsey - Gibraltar - IOM v1.a Sancus BMS Group Limited, registered in Guernsey, Company Registration number 57766. Registered office Block C, Hirzel Court, Hirzel Street, St Peter Port, Guernsey, GY1 2NL