Investment management firm Downing LLP has announced an expansion of its funding partnership with SDKA, a specialist in bridging finance focused on residential, commercial, and semi-commercial properties. The new agreement significantly enhances Downing’s facility with Cheshire-based SDKA, marking a continuing expansion of commitments for Downing’s Wholesale Finance team.
SDKA has been in operation for eight years and has established a strong reputation in the bridging finance industry, particularly for its rapid funding solutions. The latest agreement comes as a significant step in broadening the collaboration between the two companies.
Parik Chandra, partner and head of specialist lending at Downing LLP, expressed enthusiasm for the strengthened partnership: “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, highlighted the importance of the deal in the context of the company’s growth: “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.”
Downing LLP’s wholesale finance team offers structured wholesale finance solutions to other lenders, with a focus on block discounting facilities for SME lenders and structured facilities for bridging finance lenders. It targets established lenders that have experienced management teams and provides facilities ranging from £3m to £20m, with the capability to go higher.
