Downing LLP extends funding agreement with SDKA

SDKA is a specialist bridging lender that focuses on finance solutions for residential, commercial and semi-commercial properties. 

Downing LLP said the new agreement increased its facility with SDKA “substantially” but did not disclose the value of the deal. 

Downing LLP’s wholesale finance team provides funding to other lenders with a focus on block discounting facilities to SME lenders and structured facilities for bridging finance lenders.  

It provides between £3m to £20m with the discretion to lend more. Its most recent agreements include finance partnerships with specialist lender Greenfield Mortgages and bridging lender Whitehall Capital. 

Parik Chandra, partner and head of specialist lending at Downing LLP, said: “We are delighted to have built on our partnership with SDKA in what remains a challenging market. The growth of the business is a testimony to its strong track record in supporting borrowers and brokers.” 

Kunal Mehta, managing director of SDKA, added: ‘’SDKA is seeing significant growth this year, and in a difficult market, I am delighted that we can announce this increased funding to support even more clients with our incredibly fast decision-making and lending. It’s been a pleasure working with Parik and Nigel.’’