Inspired Lending has completed its first loan north of the border, providing a £360,000 facility to an experienced property investor seeking to expand their portfolio.

The borrower, who holds a lowly geared mix of residential and commercial assets across Scotland, required funding to complete the acquisition of a site in Dumfries, purchased at auction with outline planning permission for a mixed-use scheme.

Equity was released against two residential investment properties in Glasgow and Dumfries, with security taken through first and second charges as well as a third-party legal charge.

The short-term loan is set to be repaid from the sale of a commercial property within the investor’s portfolio, which is currently being marketed.

Gavin Diamond, chief executive of Inspired Lending, said: “We’re pleased to support this case and mark our first completed loan in Scotland.

“This was a time-sensitive deal involving multiple securities and a third-party legal charge, but the borrowers had a clear strategy and strong existing portfolio.

“It’s an excellent example of how we work with experienced clients to structure capital raising solutions that are fast, flexible and grounded in the real value of their portfolio.”

Inspired Lending offers short-term funding across residential and mixed-use property, including refurbishment, conversion, development exit and capital raising.