Bridging a complex deal

Complex scenario involving a trading skip hire business with security over a commercial yard and 3rd party charges. £1.5m loan required for a new client over 12 months. SDKA facilitated the loan within 21 days meeting the tight deadlines imposed for completion.

Bridging finance was required at speed as the clients trade businesses site was put up for sale by the client’s landlord. The strategic location for his business meant that he had to secure the purchase. The client was also moving his waste management business to the site, which would be required before a term lender would fund the loan.

Broker Manish Babla of Sterling Property Finance commented “Excellent work and thank you to you and your team for getting this deal over the line! Lots of hurdles, a fast turnaround (in this climate), and the tight deadline we had to deal with. Communication was key to this deal, and SDKA standout in the bridging market”