Lender completes £522,500 bridge for homeless facility
Original Article Summary
SDKA has completed a £522,500 bridging loan in 12 days for a Victorian property in Manchester that will be converted into a 20-unit temporary homeless facility. The transaction proceeded despite sui generis planning permission not yet being submitted. The post Lender completes £522,500 bridge for homeless facility appeared first on PropertyWire.
PropMatch Curated Analysis
SDKA completed a £522,500 bridging loan in 12 days for a Manchester property conversion to 20-unit homeless accommodation, demonstrating specialist lending for supported accommodation projects.
Investor Relevance
Illustrates alternative investment opportunity in supported accommodation sector with predictable rental income from charity lease, plus demonstrates availability of specialist bridging finance for social housing conversions
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