SDKA has appointed Sarah Cropper as its loan operations manager and is aiming to expand its team further by recruiting a head of underwriting and relationship manager.
Sarah — who joins the bridging lender from Hope Capital — will be responsible for loan operations, which includes the entire process from meeting clients pre-lending to the redemption of loans.
SDKA is looking to lower its rates having recently sourced block funding from a UK bank and has also experienced a record month in terms of deal volume.
The northern bridging lender expects to lend £16m this year, with its average loan size increasing to £200,000.
Kunal Mehta, managing director at SDKA, said: “Sarah a wealth of experience in financial services and bridging finance. She has made a huge impact already and I am delighted to have her on board. The further recruitment is to ensure we have the capacity going forward to ensure our excellent service is improved.”
Kunal also revealed that 90% of SDKA’s record amount of applications in January were currently going through legals.
Sarah added: “I am delighted to be joining SDKA and to be involved in this exciting period of growth. What really impressed me were the foundations already in place to support its growth aspirations. In particular, the bespoke system to automate documentation and instructions, giving the customer and our partners the best possible service.”