The amendment, which extends the facility term by an additional three years, is designed to boost Sancus’ capacity to fund real estate developments across the UK and Ireland.

The funding line extension plans to enable Sancus to broaden its bridging loan offering to include commercial property, expanding its reach beyond residential projects, with the lender aiming to support regional growth, with a particular emphasis on driving investment and opportunity in the North West of England.

So far, since 2014, Sancus has lent approximately £1bn.

James Bevans, investment director at Pollen Street, said: “We are pleased to extend and expand our partnership with Sancus to help provide funding for homes and developments around the UK and Ireland.

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“The business has performed strongly and our increased facility will provide the capacity for the team to continue to grow Sancus’ lending book.”

Andrew Charnley, managing director at Sancus Lending UK, added: "We are delighted to extend our successful partnership with Pollen Street. This is a strong indication of the strength of our business and the growth opportunities that lie ahead in terms of supporting property investors.”

“The increased capacity allows us to offer larger, more competitively priced loans and broaden our reach to include commercial property alongside residential development.

“A significant portion of the facility has been allocated to supporting SME developers in the North West, aligning with the opening of our new Manchester office and our commitment to backing regional growth across the UK and Ireland.

“The extension of the facility in terms of timeline, asset classes and capital availability, further deepens the already successful relationship we have with Pollen Street and we look forward to growing our business together over the coming years.”