SDKA has completed its tenth and eleventh bridging loans for a repeat direct customer, with the two latest facilities totalling £624,000 and taking total lending to the borrower beyond £2.5m.
The most recent loans, for £357,500 and £266,500, were used to acquire retail units in Stratford and Tower Hamlets, both purchased at auction on 28-day payment terms.
The borrower operates across the UK with partnership agreements in place with Co-op and Nisa, regularly acquiring retail premises with additional land for residential development or refurbishment.
12-MONTH FIXED TERMS
Both loans were completed on 12-month terms at a fixed rate of 1% per month and 65% loan-to-value. The borrower’s wider portfolio exceeds £25m, with exit expected through repayment.
The customer said: “Completing our eleventh loan with SDKA says everything about the relationship we’ve built. The team genuinely understands our strategy and works with us as a long-term partner, not just a lender. Their speed, transparency and reliability continue to set them apart.”
RELATIONSHIPS MATTER
Kunal Mehta, managing director of SDKA, adds: “Repeat custom is a true measurement of service levels, and we have a healthy proportion of customers who use us time-and-time again.
“This is because personal service, relationships and customer care are the pillars of our business.”
SDKA is an unregulated bridging lender offering residential, semi-commercial and commercial loans across England, Wales and Scotland.
The lender provides facilities up to £10m, with terms of up to 24 months, loan-to-value ratios of up to 75%, and interest rates starting from 0.84% per calendar month.
Main picture: A repeat customer of SDKA has completed their tenth and eleventh bridging loans with the lender, including a retail unit in Tower Hamlets, London.
