Inspired Lending completes first Scottish deal for portfolio expansion
By Tara SammonsInspired Lending has funded its first loan in Scotland with a £360,000 facility to help a property investor raise capital against their residential and commercial property portfolio.
Section: Case Studies
The borrower, who owns a lowly geared portfolio across Scotland, needed to release equity to fund the purchase of a site in Dumfries with outline planning permission for a new mixed-use scheme.
They had secured the land at auction and required a short-term solution to complete the transaction.
Security was provided by way of first and second charges across two residential investment properties — one in Glasgow and the other in Dumfries — including a third-party legal charge.
The loan will be repaid from the sale of another of the borrower’s commercial assets, which is currently on the market.
Gavin Diamond, CEO at Inspired Lending (pictured above), commented: “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 a 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.”
Keywords: Inspired Lending, Scottish property loan, Gavin Diamond, portfolio expansion Scotland, £360000 facility, property investor funding, Dumfries site purchase, outline planning permission, mixed-use scheme Scotland, residential investment Glasgow, residential investment Dumfries, third-party legal charge