“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”
– Gavin Diamond – Inspired Lending
Inspired Lending has completed its first loan in Scotland, providing a £360,000 facility arranged by a broker to help an experienced property investor raise capital against a portfolio of residential and commercial properties.
The borrower, who holds a lowly geared portfolio across Scotland, needed to release equity to fund the purchase of a site in Dumfries that has outline planning permission for a new mixed-use scheme. Having secured the land at auction, they required a short-term solution to complete the transaction.
Security for the loan was provided via first and second charges on two residential investment properties – one in Glasgow and one in Dumfries – including a third-party legal charge. The loan will be repaid from the sale of another commercial asset in the borrower’s portfolio, which is currently on the market.
Inspired Lending specialises in short-term funding for residential and mixed-use property projects, including refurbishment, conversion, development exit, and capital raising.
Gavin Diamond, CEO of Inspired Lending (pictured), said: “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.”
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