Company

SDPI is a property investment firm based in London. It was established in 2000 and is co-owned by brothers Rajinder and Avtar Singh who turned to the property sector after enjoying a successful period within the fashion retail industry.

Funding Requirement

SDPI secured a £3.4m finance deal to complete the purchase of an 8,486 sq. ft property in the popular South East Borough of London on Trafalgar Road, which comprises a number of ground floor retail units and maisonettes above.

Finance Solution

With SDPI already establishing an impressive portfolio of commercial and residential properties, particularly in the Greenwich area, the injection of working capital has helped the investment firm secure the development immediately after a previous lender could not meet its funding requirements.

Rajinder and Avtar Singh turned to the property sector following set up of an online clothing store which sold leading men’s and women’s clothing brands and had several concessions in stores such as Selfridges and Debenhams.

In 2017, they set up SDPI and have since established a successful commercial and residential property portfolio valued at £26m.

The investment company needed a lender which was able to explore unconventional assets that other lenders may not accept. This meant, it was able to secure all of the funding needed to complete the purchase, without requiring personal funds beyond the deposit.

Scott Swinden, Business Development Director for Reward Funding, commented: “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.”

Tom Annetts, Relationship Manager for Reward Funding in the South East, added: “We’ve established a really collaborative and transparent relationship with Rajinder and Avtar and invested the time in understanding their business. This has made the process more fluid and proved critical in helping complete a funding deal of this size. We look forward to working with them again to unlock further market opportunities and support their long-term business growth aims.”

Client Testimonial

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.”

Rajinder Singh, Director and Co-founder of SDPI