SDKA has completed a £774,000 commercial loan in under two months to support a returning client’s below-market-value purchase of a historic seafront hotel in East Yorkshire.
The six-storey property dates from 1930 and is mixed-use. It includes a 44-bedroom hotel, commercial bars, restaurants and 15 residential apartments, which are a mix of long-term rentals and holiday lets. The transaction closed in early 2025.
The client intends to reopen the hotel after a staged refurbishment programme.
SDKA advanced the 18-month facility at 90% of the £860,000 purchase price, with interest charged at 1.1% per month. The lender progressed the commercial loan from initial enquiry to completion within the client’s set timeframe, despite the complexity of the transaction.
“At SDKA we understand that no two lending cases are the same, and we’re prepared to look beyond our headline lending criteria to find solutions that work for our clients,” said Christopher Simpson, senior underwriter at SDKA. “Our lending criteria provide a framework, not a barrier to getting deals done.
“By taking a flexible, pragmatic approach, we were able to structure a facility that met the client’s needs and deliver completion within their required timeframe. This deal is a great example of where we have turned a complex opportunity into a successful outcome.”
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