SDKA helps developer avoid last orders with quick £322k bridge

10 June 2025

A client of Advanced Funding Solutions (AFS), an AR of Synergy Commercial Finance, is raising a glass to SDKA who stepped-up at last orders with a £322k bridge to save a developer’s multi-use public house project in North Sheilds, Newcastle-Upon-Tyne.

Having been let down at the eleventh hour when the arranged lender pulled out of the deal, the applicant was faced with the closing time on their existing bridge facility as well as requiring extra monies to complete works.

The project involved the completion of cosmetic refurbishments to a ground floor vacant pub, three newly refurbished one-bedroom apartments for long-term rent and airbnb guests and finishing a car repair workshop on the site.

Chris Adlam of AFS approached SDKA who took just two working weeks to process the application and release the funds, which included the readdress of the recent valuation to save the borrower further time and money.

The deal was completed at 70% LTV on SDKA’s Semi-Commercial product at a flat rate of 1.10% over 12 months. With every facet of the project expected to income bearing in 90 days, the lender has retained interest for three months to assist serviceability.

Exit will be achieved through refinance on the property’s uplift value of £535,000.

Chris said: “SDKA was quick to understand the project and the applicant’s vision, after which they used every possible avenue to ensure the funds were released right on-time. What impressed me most was their customer-first approach which was central to a timely completion from day one.”

Kunal Mehta, managing director of SDKA, added: “At the outset it was clear this was a well-executed project which had run into problems that were completely outside the developer’s control. In bridging we know that trust is everything and that is something we deliver by the barrel full.”

SDKA is a bridging lender offering products on Residential, Semi-Commercial and Commercial properties across England, Wales and Scotland.

The lender offers interest rates from 0.85% pcm up to 75% LTV and terms up to 24 months. Its maximum loan size is £10m.

The business prides itself on considering all cases on an individual basis, and through its proven lending record and close long-term relationships with funding partners it has the option to complete cases outside of the standard criteria.