Downing LLP expands funding partnership with bridging finance specialist SDKA

10/8/23
5 min
Wholesale finance
News

We are delighted to announce that we have expanded our funding partnership with bridging finance specialist SDKA which focuses on residential, commercial and semi-commercial properties.

The new agreement increases Downing’s facility with SDKA substantially. SDKA which is based in Cheshire and has been operating for eight years, has built a strong reputation in the bridging finance space with its fast funding.

The latest agreement continues the expansion of commitments for Downing’s Wholesale Finance team.

Parik Chandra, Partner and Head of Specialist Lending, 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, SDKA, said: ‘’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 provides structured wholesale finance solutions to other lenders focusing on block discounting facilities to SME lenders and structured facilities for bridging finance lenders.

It looks for established lenders with experienced management teams and can provide facilities between £3 million and £20 million with the ability to go higher.

Find out more about Downing's wholesale finance team

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We are delighted to announce that we have expanded our funding partnership with bridging finance specialist SDKA which focuses on residential, commercial and semi-commercial properties.

The new agreement increases Downing’s facility with SDKA substantially. SDKA which is based in Cheshire and has been operating for eight years, has built a strong reputation in the bridging finance space with its fast funding.

The latest agreement continues the expansion of commitments for Downing’s Wholesale Finance team.

Parik Chandra, Partner and Head of Specialist Lending, 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, SDKA, said: ‘’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 provides structured wholesale finance solutions to other lenders focusing on block discounting facilities to SME lenders and structured facilities for bridging finance lenders.

It looks for established lenders with experienced management teams and can provide facilities between £3 million and £20 million with the ability to go higher.

Find out more about Downing's wholesale finance team

We are delighted to announce that Mark Gross, Partner and Head of Development Capital, has been named Equity Investor of the year at the HealthInvestor Power List 2024 Awards.

Following Mark’s achievement last year when he won the “Leading Investor” award at HealthInvestor’s Power50, this year’s win further highlights his continued success and expertise in investing across the healthcare sector. 

The judges praised Mark for finding success both in value and volume this year, delivering good returns and growth. They were impressed by how Mark has continued to strengthen a strong track record with further growth in the team and new funds securing further backing. We extend our thanks to Mark and the Downing Development Capital team for their continued dedication and support in expanding our healthcare investment activities with a focus on quality, performance and reputation. 

Congratulations Mark!

Development Capital  

Downing Development Capital is an award-winning investor focused on investment opportunities into asset-backed operating businesses with downside protection. Typical sectors they invest in include healthcare, specialist education, hospitality, leisure and IT infrastructure.

Learn more about our Development Capital team

We are delighted to announce that we have expanded our funding partnership with bridging finance specialist SDKA which focuses on residential, commercial and semi-commercial properties.

The new agreement increases Downing’s facility with SDKA substantially. SDKA which is based in Cheshire and has been operating for eight years, has built a strong reputation in the bridging finance space with its fast funding.

The latest agreement continues the expansion of commitments for Downing’s Wholesale Finance team.

Parik Chandra, Partner and Head of Specialist Lending, 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, SDKA, said: ‘’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 provides structured wholesale finance solutions to other lenders focusing on block discounting facilities to SME lenders and structured facilities for bridging finance lenders.

It looks for established lenders with experienced management teams and can provide facilities between £3 million and £20 million with the ability to go higher.

Find out more about Downing's wholesale finance team

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Torsten Mack, Investment Director at Downing, said:

"We are proud to support this exceptional management team, whose strong track record positions them well to build a new business in dementia care. This needs-based sector is underpinned by a lack of quality supply and we are investing in Fortava Healthcare to set and deliver high standards, and to help make a difference."

Johann van Zyl, CEO at Fortava, added:

"I’m thrilled to be working with Jamie, as we share the same values. We plan to grow Fortava into a leading provider of dementia care over the next five to seven years. But growth isn’t our primary focus—our goal is to deliver outstanding care and foster a joyful, supportive environment for both residents and staff. We’re delighted to be partnering with Downing who also share our values and we look forward to this journey with them."

Jamie Stuart, CFO at Fortava, commented:

“For me, it's about being more than just another care home provider. While dementia care in the UK is generally of a good standard, we want to set ourselves apart with a fresh approach. That’s why, after over 25 years in banking, I chose to partner with Johann and Downing on this venture.”

We are delighted to announce that we have expanded our funding partnership with bridging finance specialist SDKA which focuses on residential, commercial and semi-commercial properties.

The new agreement increases Downing’s facility with SDKA substantially. SDKA which is based in Cheshire and has been operating for eight years, has built a strong reputation in the bridging finance space with its fast funding.

The latest agreement continues the expansion of commitments for Downing’s Wholesale Finance team.

Parik Chandra, Partner and Head of Specialist Lending, 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, SDKA, said: ‘’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 provides structured wholesale finance solutions to other lenders focusing on block discounting facilities to SME lenders and structured facilities for bridging finance lenders.

It looks for established lenders with experienced management teams and can provide facilities between £3 million and £20 million with the ability to go higher.

Find out more about Downing's wholesale finance team

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Downing LLP does not provide advice or make personal recommendations and investors are strongly urged to seek independent advice before investing. Investments offered on this website carry a higher risk than many other types of investment and prospective investors should be aware that capital is at risk and the value of their investment may go down as well as up. Any investment should only be made on the basis of the relevant product literature and your attention is drawn to the risk, fees and taxation factors contained therein. Tax treatment depends on individual circumstances of each investor and may be subject to change in the future. Past performance is not a reliable indicator of future performance. Downing LLP is authorised and regulated by the Financial Conduct Authority (Firm Reference Number 545025). Registered in England No. OC341575. Registered Office: Downing, 10 Lower Thames Street, London, EC3R 6AF.

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