SDKA receives block discounting facility from Downing LLP
Northern-based bridging finance specialist SDKA (www.SDKAltd.com), established in 2016, has announced a new funding partnership with investment manager, Downing LLP.
The new facility will provide further flexibility to SDKA, enabling it to expand its capacity and serve more of the UK bridging market.
London based Downing (www.downing.co.uk) is an investment management business with over 30 years’ experience and c.£1.5bn of assets under management.
Ian Allder, head of block discounting at Downing comments: “Downing is delighted to partner with SDKA. This relationship marks our continued commitment to the block market and illustrates our capabilities in serving the bridging finance sector. SDKA is a standout business in the bridge finance market and we have been impressed with the quality of their loan book and team. We look forward to working with them.”
Kunal Mehta, managing director at SDKA comments: “This partnership adds further diversity to our funding panel, which includes two banks and now an investment manager in Downing. Our new facility will further bolster our offering in the bridging market. The funding we have secured enables SDKA to accelerate our growth and react quickly to deals to offer fast, efficient, and transparent lending solutions. It is a testament to our reputation and to the team at SDKA that we have been able to secure this exciting new partnership with Downing, a well-capitalised investment manager. Downing clearly understands our market and requirements and we look forward to working with them.”
