SDKA completes its largest bridging loan

By Bridging Loan Directory 8th December 2022

SDKA have completed on their largest loan to date, at £1.78m.

The lender, who recently appointed Steve Allen as BDM has seen a surge of enquiries in recent months and is enjoying an upturn in completions.

This latest completion being above their published maximum loan value, which demonstrates that SDKA can offer the flexibility of decision making on the right deal.

SDKA worked collaboratively with all required professional teams. Lawrence Stephens acted for SDKA in a legal capacity ensuring a smooth transaction.

The legal team was led by Stavros Theophilou, with assistance from Sona Shah, to efficiently get the transaction over the line.

The facility, secured on a high-end wedding venue; a grade 1 listed castle in the Southeast, was required to assist the client with cash flow due to the impact of covid on the industry.

The clients’ expectations of completion were met, and a facility was granted for 18 months allowing sufficient time for the property to be sold.

Steve Allen, Business Development Manager at SDKA, comments:

“I am delighted with this completion on an interesting property, a fantastic introduction from Damien Davies of New Capital Commercial Finance.

SDKA is a lender that consistently delivers to complete complex loans quickly”.

Damian Davies, comments:

‘’It was brilliant working with Steve and the SDKA team, who all excelled to ensure this complex loan was delivered.

The support provided by senior management with phenomenal communication is what makes SDKA a pleasure to deal with.”

Stavros Theophilou, Director, Real Estate Finance team, Lawrence Stephens comments:

“As always, acting on behalf of SDKA is a pleasure.

We know the team well and have efficiencies in place to ensure minimal disruption to the flow of the transaction”.