SDKA has completed a £995,000 multi-property bridging transaction across two separate applications in just 15 working days.
The unregulated bridging lender said the funding was used to refinance five residential properties across Rochester and Chatham while also raising capital for the onward purchase of a new £900,000 asset.
The first facility, completed in a personal name, totalled £615,000 and refinanced three houses, while releasing an additional £185,000 in capital.
A second £380,000 facility was completed through a limited company structure to refinance two further properties and release an additional £90,000.
HIGH-LEVERAGE FINANCE
Both deals completed at 75% loan-to-value and were structured to support the borrower’s next acquisition.
The case highlights continued demand from experienced investors for fast, high-leverage bridging finance capable of supporting portfolio expansion and time-sensitive purchases.
Kunal Mehta (main picture, inset), managing director of SDKA, says: “The applicant is a real estate entrepreneur with a longstanding, proven track record in property investment and an impressive housing portfolio to match.
“Such investors are always on the lookout for their next project, and when the opportunity arises they expect their lender to match their expectations.
“To go from two applications to completions in 15 days while having valuers visit five separate properties is no mean feat, but this is simply how we operate.”
Founded in 2016, SDKA provides unregulated bridging finance across residential, semi-commercial and commercial property throughout England, Wales and Scotland, with rates starting from 0.84% per calendar month.
