Inspired Lending funds restructuring of £1.3m complex portfolio

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Inspired Lending has provided a six-month bridging loan facility of £1.3m secured against multiple properties at a LTV of 68%.

The loan facilitated a complex refinancing and restructuring of the borrower’s portfolio.

The loan allowed the borrowers to repay existing borrowings and move their properties from personal names into a corporate structure. This also freed up other portfolio properties for development projects.

The transaction involved multiple lenders and had several legal challenges to overcome. With the properties now in a new corporate vehicle, the borrower will obtain refinance to repay their bridging loan.

Gavin Diamond (pictured), CEO at Inspired Lending, said: “The key to this case was to quickly understand all the challenges that were faced, so that a solution could be provided, and, in my experience, many lenders faced with some of the issues we came across would have walked away.

“However, we knew it was a great deal, which included a client with a clear need and way to exit the facility safely and quickly. Deals like this cement our belief in our proposition as a common-sense bridging lender, who are bringing bridging back to basics.”

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