SDKA delivers £200k bridge into SSAS pension for Grade II conversion
16 June 2026
SDKA has finalised a complex £200,000 Commercial bridge into a Small Self-Administered Scheme (SSAS) pension fund to ensure the successful redevelopment of a Grade II Listed former school.
The collection of historic buildings, in Leicester, had stood derelict for 20 years before the programme commenced to create six unique detached offices. Having already invested significant personal funds into the project the developer required additional capital to complete the final stages.
After a longstanding refinance application with a major high street bank stalled when they would only value the three completed units, as certain planning permissions remained outstanding, SDKA stepped in and agreed to lend against the whole site with unit four nearing completion.
To drawdown directly into a SSAS, the lender then undertook trustee consent and detailed legal due diligence, working closely with pension trustees and legal advisers to review the trust structure and documentation. Andrew Carmichael of Ratio Law provided legal oversight.
The bridge, which was completed in just 15 working days, was finalised at 1.1% per month over eight months. Exit will be achieved through further refinance.
Kunal Mehta, managing director of SDKA, said:
“Despite the complexities associated with a Grade II listed redevelopment, the pension fund borrowing structure and commercial asset class, our team moved swiftly from application to completion to ensure no delays in the redevelopment process.
“To assess all of the associated details and release the funds in only 15 days highlights our expertise in structuring commercial bridging finance solutions and supporting borrowers through complex lending scenarios where traditional funding routes may prove problematic.”
Founded in 2016, SDKA is an unregulated bridging lender offering products on Residential, Semi-Commercial and Commercial properties across England, Wales and Scotland. The lender offers fixed interest rates from 0.84% per calendar month up to a maximum LTV of 75%.
