Inspired Lending has completed a £2.1 million bridging facility to allow the consolidation of three investment properties into a single corporate structure.

The loan, provided at 70% LTV over a six-month term, was secured by first legal charges over a portfolio of residential buy-to-let properties. The assets were previously held in a mix of personal and company names.

The borrower, an experienced landlord, approached Inspired Lending for funding to refinance the existing buy-to-let mortgages and transfer ownership of the properties into a single corporate entity.

The facility was structured to allow repayment via refinance once the portfolio has been fully moved into the new company name.

COMPLEX RESTRUCTURE

Gavin Diamond (main picture), CEO of Inspired Lending, said: “This was a complex restructure requiring clear coordination across multiple ownership structures and legal entities, as well as getting to grips with SDLT requirements.

“By working closely with the borrower’s advisers and our own professional partners, we were able to put a tailored facility in place within a short timeframe to support their long-term investment plans.”