SDKA has launched its first bridge to term loan, broadening its product range after reporting its strongest financial year to date.

The facility, which runs for 36 months, allows borrowers to switch seamlessly from a bridging loan to a term arrangement without a valuation or arrangement fee at the point of conversion. The structure sets interest at 1% per month for the initial bridging year, before moving to 0.875% per month for the two-year term.

Loans are available up to £300,000, with brokers receiving fees at origination and a further 0.5% when the term element begins.

RECORD YEAR OF GROWTH

The move comes on the back of turnover growth of more than 15% between March 2024 and March 2025, with gross profit up 18% to over £4.7m. Pre-tax profit reached £3.7m, with the lender reporting record completions and an average loan size of £260,000.

Loan amounts ranged from £34,100 to £3.75m, with nearly half of all deals involving residential property, 26% commercial and 25% mixed.

The company credited brokers with originating the majority of completions, alongside business from direct and repeat clients.

Kunal Mehta (pictured), managing director of SDKA, said: “We pride ourselves on assessing all cases on an individual basis and having flexible funding partners that allow us the option to complete cases outside of the standard criteria, and that is why we are able to perform so well in a competitive sector.

“The launch of our first bridge To term product adds another string to our bow and will help push us onto even greater results, because when brokers and direct applicants have used us once and experienced our exceptional service levels we know they will become repeat customers.”

SDKA, which operates across England, Scotland and Wales, specialises in bridging loans on residential, semi-commercial and commercial property, with rates starting from 0.84% per month up to 75% LTV and loan sizes up to £10m.