Inspired Lending has provided a £250,000 net second charge loan to a personal borrower seeking to reduce the balance on a development finance facility attached to a completed scheme.

The scheme sits within an SPV in which the borrower holds a 50% stake, and the funding was required to smooth the path towards a planned sale or refinance.

The lender completed the deal within 10 days of issuing the decision in principle, enabling the borrower to move forward without disrupting their timetable. The swift turnaround reflects the pace at which many development exit cases now need to be processed, particularly where existing facilities are approaching maturity.

EFFICIENCY AND EXIT CLARITY

Inspired Lending accepted an existing valuation on the borrower’s main residence, removing the need for a fresh report and helping to contain both costs and delays. The lender also worked with the borrower to agree a defined repayment strategy tied to the disposal or refinance of the SPV’s finished development.

Inspired Lending continues to expand its presence across residential and commercial short-term finance, including acquisition funding, refurbishment and conversion loans, development exit products and capital raising facilities.

LENDER EMPHASISES EXPERIENCE

Nathan Wilson (pictured), lending manager at Inspired Lending, said: “Cases like this show why experience matters. The borrower needed a lender who could look at the complete picture and back a plan that made sense.”

He added: “We knew the development was complete, the exit options were clear, and the timescale was tight. Our team moved at pace, accepted the historic valuation, and gave the borrower a result that kept their wider plans on track.”