The funding will support SDKA in building its bridging lending portfolio and accelerating its growth plans.
Aldermore’s block bridging product — which is part of its wholesale offering — allows independent lenders to raise capital against future income from bridging finance contracts in place between them and their customers.
Matthew McNeile, BDM for asset finance at Aldermore, said: “We’re pleased to be able to provide a new block bridging facility for SDKA, and we look forward to supporting its ongoing development and growth.
“SDKA’s established performing book, comprehensive end-to-end system, and its ability to make robust lending decisions quickly and decisively, is what attracted us to the business.
We’re delighted to be part of its funding panel and look forward to supporting the team.”
Kunal Mehta, managing director at SDKA, added: “I’m delighted to have established a strategic partnership with Aldermore Bank, allowing us to further grow our loan book.
“Its endorsement has a beneficial impact to our offering and our clients when they require bridging finance.
It’s a testament to the exceptional team at SDKA that Aldermore has provided this facility with full autonomy on how we lend.
We’re a lender that has built a strong reputation for dealing with complex cases and loans that need to complete quickly, which Aldermore fully supports us with.”