SDKA has provided a £1,030,000 complex bridge to faciliate the purchase of a 41.58 acre site with prime space for an onsite used car business.
Situated in Billingshurst, West Sussex, the applicant applied through their limited company for the plot which comprises a detached four-bedroom Grade 2 Listed farmhouse and gardens, stables, barns, shed, garage workshop, office and hard standing areas for motor sales and administration.
The deal was introduced by Chichester-based broker QED Finance and was concluded at 63.3% loan-to-value (LTV) on a flat rate of 1.15% over a 12-month term.
Mark Vickery, director at QED Finance, said: “We are delighted to have supported our client in securing this distinctive mixed-use property.
“This case demonstrates the value of working with a specialist broker, navigating complex requirements, managing multiple stakeholders, and ensuring the right funding is secured in a timely manner.
“SDKA’s responsive and solution-focused approach was instrumental in bringing the deal together, and we look forward to working with them again on future transactions.”
Kunal Mehta, managing director of SDKA, added: “From day one it was essential this application was running like a well oiled machine given several complex issues with the site.
“We collaborated closely with QED Finance and in-turn with the chartered surveyors so they understood the application in-depth which allowed a fair and independent assessment of all the buildings and land, after which it was a smooth ride to get us over the line and release the funds.”
