The funds were secured by second charges against a portfolio of seven tenanted residential properties, comprising a combination of houses and flats, at 71% LTV.
Desktop valuations were utilised, enabling the deal to be completed within a tight timeframe.
The borrower required the funds urgently to facilitate ongoing business needs, with repayment to be made from the proceeds of upcoming business transactions, as evidenced by the borrower.
The loan was introduced by Callum Taylor of Portway Finance.
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Callum Taylor, CEO and Founder of Portway Finance, commented: “This case required a lender who could offer a flexible, common-sense approach and move quickly.
“Inspired Lending’s ability to use desktop valuations and work within a tight timeframe was pivotal in helping my client access the funds they needed to keep their business running smoothly.
“Their proactive and solution-oriented approach made all the difference.”
Gavin Diamond, CEO at Inspired Lending (pictured above), added: “This deal highlights our commitment to providing fast, flexible lending solutions tailored to meeting our clients’ needs.
“Desktop valuations coupled with our streamlined process enabled us to deliver funds promptly, helping the borrower maintain business momentum.”
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