Aldermore bank has provided a rise to its already multi-million pound block bridging facility to SDKA.
Established in 2016, SDKA is a principal, specialist lender offering short-term bridge finance secured against residential, mixed-use and commercial properties across England, Scotland and Wales. SDKA is based in Cheadle, South Manchester.
Aldermore’s block bridging allows independent funders to raise capital against future income from bridging finance contracts in place between them and their customers. The finance will provide SDKA with the funding to support building their bridging lending portfolio, giving SMEs and individual customers greater access to funding.
Matthew McNeile, business development manager for asset finance at Aldermore, said: “We’ve been on SDKA’s funding panel for the last three years and are delighted to continue to support SDKA and further strengthen our relationship with them as a longstanding client.
“We have extended our block bridging facility for SDKA, and we look forward to continuing to support their ongoing development and growth. SDKA’s established performing book, comprehensive end to end system and its ability to make robust lending decisions quickly and decisively, is what initially attracted us to their business. We’re delighted that we can continue to support Kunal and the team.”
Kunal Mehta, managing director of SDKA, added: “We are thrilled to strengthen our partnership with Aldermore Bank, this will have a positive impact on SDKA’s offering and our client’s access to bridging finance solutions. This endorsement from Aldermore is a testament to SDKA’s exceptional team, operational efficiency, and ability to make swift and well-informed lending decisions.”
Aldermore’s block bridging product is core to their wholesale offering, offering benefits to Aldermore, independent funders like SDKA and the customers they serve.
