SDKA has completed two residential bridging loans totalling £995k on the same day, refinancing five properties across Rochester and Chatham while releasing capital for a £900k onward purchase.
Both applications progressed from initial enquiry to completion in 15 working days. The first, taken in a personal name, was for £615k and repaid existing lenders across three properties, leaving £185k of additional capital.
The second was structured through a limited company for £380k, covering outstanding balances on two further properties in the same Kent towns and releasing a further £90k. Both loans completed at 75% LTV, with the combined released capital forming the deposit for the new acquisition.
"The applicant is a real estate entrepreneur with a longstanding, proven track record in property investment and an impressive housing portfolio to match," said Kunal Mehta, managing director of SDKA (pictured)
"Such investors are always on the lookout for their next project, and when the opportunity arises they expect their lender to match their expectations. To go from two applications to completions in 15 days while having valuers visit five separate properties is no mean feat, but this is simply how we operate."
The case illustrates the operational demands that active property investors place on short-term lenders, where the ability to move quickly across multiple securities and legal structures can be as important as the terms of the facility itself.
If you’re exploring bridging or development finance, get in touch and we can connect you with the right lender.
