Northern bridge lender, SDKA, looks ready to dive into 2021 with a growing loan book, funding and a fantastic team in place!
As an unusual year comes to an end, SDKA completes on its biggest bridge loan ever. The team provided a refinance facility of £885k, secured against properties in Rotherham, Mansfield and Doncaster, to support a well-known Northern business. The clients required bridge finance at a time where their bank was unable to provide further support due to Covid-19. Funds were required quickly to release the current lender and provide additional funds to support the acquisition of a strategic plot of land next to their main trading site. Valuations were done over a weekend to meet timelines, and the record loan completed thanks to a pragmatic approach and excellent work by SDKA’s legal team!
“It’s exciting to come to the year end with a new milestone to celebrate with the team. This has been a fantastic year for SDKA in terms of growth, at a time, where there has been great uncertainty. We secured additional funding from Shawbrook Bank, welcomed a new senior underwriter, moved into our new business premises and delivered some phenomenal support to local and national businesses. Throughout 2020 the team have delivered service and speed with the support of our bespoke technology. “We enter 2021 with great enthusiasm to support our clients and broker partners.” states Kunal Mehta, Director
The company has established its brand in the marketplace for ‘getting the job done’ by continually demonstrating fast and flexible short-term bridging solutions.