Short-term lender, Inspired Lending, has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex.

An experienced property developer needed funding to refinance an existing development loan and raise capital for a new site purchase.

The borrower’s security was the final unsold unit of a five-home new build scheme. Minor works remained outstanding at the time of drawdown.

Despite added legal complexity, including a simultaneous title transfer to a new SPV, Inspired Lending worked closely with the borrower’s legal team to complete the transaction swiftly. The loan was finalised within two weeks of terms being agreed, allowing the borrower to proceed with their onward purchase without delay.

Inspired Lending accepted a readdressed valuation report originally carried out for another lender, supporting the rapid turnaround.

The loan, provided at 70% LTV on a 12-month term, is expected to be repaid through the sale of the property.

Gavin Diamond (pictured), CEO of Inspired Lending, said: “This was a fast-moving case with a few legal complexities in the mix, but we quickly understood what the borrower needed and aligned our approach to match.

“By accepting a readdressed valuation and managing the title transfer alongside the loan process, we were able to keep things on track and complete within a tight timeframe.

“It’s a strong example of how we apply a flexible, hands-on approach to deliver funding solutions when speed really matters.”