AIM-listed alternative finance platform GLI Finance has rebranded to Sancus Lending Group.
The name change reflects the company’s new focus on alternative property finance, a major growth area in the business over the past few years, led by the performance of its wholly owned subsidiary, Sancus Group Holdings.
Sancus specialises in property bridging and development financing from £500,000 to £10m-plus throughout the UK, Ireland, Jersey, Guernsey, Gibraltar and Isle of Man, with a niche in more complex lending proposals across multiple jurisdictions.
Andrew Whelan (pictured), CEO of Sancus Lending Group, commented: “The rebrand of GLI to Sancus and the subsequent concentration on our core business of property finance comes at a time when we are seeing a vibrant and buoyant property market across all our jurisdictions – particularly in the UK and Ireland, where there have been sizeable increases in demand for residential housing.”