SDKA secures additional funding line from Downing LLP
Responsible investment manager Downing LLP has expanded its funding partnership with bridging finance specialist SDKA which focuses on residential, commercial and semi-commercial properties.
The new agreement increases Downing’s facility with SDKA substantially. SDKA which is based in Cheshire and has been operating for eight years, has built a strong reputation in the bridging finance space with its fast funding.
The latest agreement continues the expansion of commitments for Downing’s wholesale finance team.
Parik Chandra, Partner and Head of Specialist Lending, Downing LLP, said:
“We are delighted to have built on our partnership with SDKA in what remains a challenging market.
The growth of the business is a testimony to its strong track record in supporting borrowers and brokers.”
Kunal Mehta, Managing Director, SDKA, said:
‘’SDKA is seeing significant growth this year, and in a difficult market I am delighted that we can announce this increased funding to support even more clients with our incredibly fast decision making and lending.
It’s been a pleasure working with Parik and Nigel.’’
Downing LLP’s wholesale finance team provides structured wholesale finance solutions to other lenders focusing on block discounting facilities to SME lenders and structured facilities for bridging finance lenders.
It looks for established lenders with experienced management teams and can provide facilities between £3 million and £20 million with the ability to go higher.