Inspired Lending funds £1.3m complex portfolio restructure

he six-month bridging loan facility was secured against multiple properties at a 68% LTV.

Due to the loan the borrower was able to repay existing borrowings and move their properties from personal names into a corporate structure — this also freed up other portfolio properties for development projects.

The complex transaction involved multiple lenders and had several legal challenges to overcome.

The properties are now in a new corporate vehicle — the borrower will obtain refinance to repay their bridging loan.

 Gavin Diamond, CEO at Inspired Lending, commented: “The key to this case was to quickly understand all the challenges that were faced, so that a solution could be provided, and, in my experience, many lenders faced with some of the issues we came across would have walked away.

“However, we knew it was a great deal, which included a client with a clear need and way to exit the facility safely and quickly.”