8 day turnaround, bank funder unable to act fast

An existing client contacted us as they had been given the opportunity to purchase an adjoining commercial unit in Manchester which was part of an industrial estate which they already owned 9 units and would allow the client to further expand their business. The client was unable to secure bank funding in the time frame required and did not want to lose the opportunity.

The client was a Chinese National who was an experienced commercial investor who was given a short window to complete by the seller in order to purchase the property which had a track record of producing a high rental yield.

Despite this deal exceeding our published parameters, we were able underwrite the case, and engage solicitors on the same day to ensure a speedy completion. Due to our existing relationship with the client we were able to agree terms quickly and we were happy with the facility to be serviced monthly as we understood the client’s business and trading history. This is testament to the flexibility in which SDKA can operate for our existing clients.

We ensured the facility completed in just 8 days and further strengthened the relationship we have with this client.