£200k bridge rescues Grade II conversion stalled by bank
Original Article Summary
<p>SDKA has completed a £200,000 bridging finance deal into an SSAS pension fund, securing the redevelopment of a Grade II listed former school in Leicester.</p>
Investor Analysis
SDKA completed a £200k bridging loan into a SSAS pension fund in 15 days to rescue a stalled Grade II listed school conversion in Leicester, after a high street bank refused to value incomplete units. The case highlights bridging finance as a practical exit route when conventional lenders are constrained by planning or valuation conditions.
Investor Relevance
Directly relevant to SME developers and property investors using pension structures (SSAS) who face mid-development financing gaps — particularly where high street banks apply conservative valuation criteria on partially completed or heritage sites. Signals that specialist bridging lenders can value whole sites and work within complex pension trust structures, a materially useful financing signal for those in similar situations.
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