SDPI secures Greenwich site with funding boost

A London-based property investment firm has strengthened its portfolio with the purchase of a major mixed-use development in Greenwich, following a £3.4 million funding deal.

SDPI secured the 8,486sq ft property on Trafalgar Road, which includes retail units on the ground floor and maisonettes above, after leveraging funding from Reward Funding. 

Arranged through B2Bfinance.com and brokered by Jo McCarthy, the funding enabled SDPI to complete the purchase without the need for additional personal capital beyond the deposit.

The swift turnaround was also critical, enabling SDPI to finalise the acquisition immediately after a previous lender was unable to meet its financing requirements.

Scott Swinden, business development director for Reward Funding, said: “Enabling growth and helping property investors and developers seize business opportunities at pace is fundamental to our approach at Reward, especially as more banks and traditional funders are increasingly reluctant to lend. 

“As the original alternative finance provider, we’re finding this is really resonating with entrepreneurs and businesses and is ensuring funding is readily available to stimulate the wider economy.”

Founded by brothers Rajinder and Avtar Singh in 2000, SDPI has built a strong commercial and residential portfolio after the brothers turned to the property sector following a successful period operating within the fashion retail industry. 

Rajinder added: “Having enjoyed a long connection with the Greenwich area, it’s very satisfying to complete this latest acquisition and further expand our growing property portfolio across London. 

“The development is situated in close proximity to the National Maritime Museum and Greenwich Park and provides the perfect location to both our business and residential tenants.

“Given the fast-paced nature of the property market and the opportunity to secure the development pre-auction, we had to move at speed, which is why we needed to turn to an agile lender like Reward. 

“The team provided honest, straightforward advice and have simplified the borrowing process by helping us explore a range of available assets to help secure the funding.”

Want your business, product or service to be seen regionally and nationally? Bdaily helps you get your story in front of the right audience, every day. Find out how Bdaily can help →

Join more than 55,000 subscribers by signing up to our daily bulletin each morning here.