Inspired Lending is a JV with the Pears family, who will be providing the funding for the new lender.
The Pears family are a widely recognised name in UK real estate — previously backing Masthaven — and have a proven track record of investing in and financing property finance businesses.
Initially, the lender will offer loan facilities up to £5m secured against residential, commercial, semi-commercial and industrial properties in England and Wales — typically up to 18 months in duration — with plans to widen the scope over time.
Gavin, the CEO at Inspired Lending, has had a career spanning over 15 years in the short-term and specialist lending industry to date.
He previously headed up the bridging finance division at United Trust Bank (UTB) before his most recent role as CEO at Spring Finance.
Joining him in the Inspired Lending team for the lender’s initial launch is Owen Bentley, who will serve as sales director.
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Owen, who moved from Spring Finance to Inspired Lending, previously worked with Gavin at UTB.
Gavin commented: “I am very excited about the new venture and very proud to have received the backing of the Pears family.
“The private funding is critical to our success, as it provides a unique opportunity to combine our extensive lending experience and track record of delivering for brokers and customers with innovative and decisive decision-making, enabling deals to be funded quickly and efficiently.
“No credit committees, no funding line covenants, no 'one-size-fits-all' approach.
“In a crowded market, we believe we can offer simple, speedy, bespoke funding solutions at a competitive price, with a real personal touch.
“I’m confident this will enable us to create a niche for ourselves.”
Jonathan Rose, managing director at Pears Property Advisors, added: “We are delighted to be supporting Gavin in the new venture.
“This a sector where both Gavin and ourselves have vast experience over a number of years.
“Despite a competitive market, we believe this new venture has all the ingredients to be a resounding success.”
1 Comments
MICHAEL DONNELLY
Congratulations on your new venture, am convinced your new firm will be in high demand as though things are changing so rapidly, experience combined with secure private funding is always in demand. regards, Michael