The borrower sought funding to refinance an existing development loan and raise capital for a new site purchase.
The security was the final unsold unit of a five-home new build scheme.
The loan, provided at 70% LTV on a 12-month term, is expected to be repaid through the sale of the property.
Minor works remained outstanding at the time of drawdown.
Despite added legal complexity, including a simultaneous title transfer to a new SPV, the loan was finalised within two weeks of terms being agreed.
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Gavin Diamond, CEO at Inspired Lending (pictured above), commented: “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.”
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