SDKA completes complex £1.5m bridge comprising 18 tenanted properties

21 July 2025

SDKA has completed a complex £1.5m portfolio bridge involving in-person valuations of 18 separate tenanted properties in cooperation with the exit bank to save the developer both time and money.

Requiring £1.3m to clear an existing high interest rate facility and £200k to complete works on their latest project, broker Credicus approached the bridging lender requesting a quick turnaround to release cashflow and cover the period before the new full term loan was available.

Knowing the exit bank in question, SDKA chose a surveying firm on both lenders’ panels who proceeded to visit all 17 residential and one commercial property in Barnsley, South Yorkshire.

With a portfolio value of £2.2m, the deal was concluded at 68% LTV on a flat rate of 1.05% over a 12-month term, with three-months retained interest.

With the portfolio held in two separate companies and personal names, third-party legal charges were taken along with Debenture and PG’s.

Annabel Crawshaw, director of operations at Credicus, said:

“SDKA has a very pragmatic approach to bridging, each application is approached with a customer-first mindset and a level of flexibility and foresight to ensure the borrower is in the best position from completion through to exit.”

Kunal Mehta, managing director of SDKA, added:

“I received the call from Annabel while on holiday, and I immediately had the team delve into the project to completely understand all its intricacies. Working with the exit lender from the off made eminent sense, and in the long run puts the applicant in control.”

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.