Project Description

SDKA completes complex loan with 10 titles over 2 sites

SDKA was delighted to have completed on a £510,000, 15 month bridging facility in Eccles, Manchester to assist a client in securing a site which has an option agreement in place, to sell on.

One of the most complex loans we have done with 10 separate titles over 2 sites, including a qualified title, various notices and part owned by a trust. The client was keen to complete the transaction as planning had already been obtained for almost 300 apartments.

The client had already exchanged and paid legal and valuation fees with another lender. When they pulled out, a specialist broker got in touch and we met the client 12 hours later and agreed terms. Three weeks later we completed ahead of schedule but most importantly providing the surety we would lend.

Incredible legal support and round-the-clock work at SDKA was key to delivering ahead of time. SDKA was excited to support another quality client.