SDKA doubles its loan book

SDKA has doubled its loan book in 2021, following its busiest week to date in terms of value and quantity of completed loans.

The alternative finance provider hit this target after completing 10 bridging loans last week totalling £3.87m, including its largest ever loan — a £1.4m facility agreed at 70% LTV over a 12-month term for the purchase of a semi-commercial property in London.

Half of the facilities completed last week were for repeat clients.

This follows a period of significant growth for SDKA, as the lender secured two additional funding lines this year from Aldermore and Downing LLP, as well as expanded its underwriting team.

Kunal Mehta, managing director at SDKA (pictured above), said “This past week has been exceptional, we have exceeded all of our 2021 targets, and are very excited by SDKA’s current growth rate. 

“It is testament to both our team and our brokers who have worked extremely hard to do this. 

“Our pipeline continues to thrive, with £5.12m being valued last week alone.”

“Over the past few years, we have put the hard work in to ensuring that we have the correct systems and procedures to allow for maximum efficiency, and I am excited at what SDKA can achieve in 2022.”

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