Specialist short-term lender Inspired Lending has provided a £250,000 net second charge loan to a personal borrower in Cheshire, supporting the reduction of a development finance facility on a completed scheme held within an SPV in which the borrower owns 50%.
The borrower required fast funding to lower the balance on the existing facility while preparing for the planned sale or refinance of the development. Inspired Lending completed the loan within ten days of issuing a decision in principle, enabling the borrower to proceed without delay.
To save time and reduce costs, the lender accepted the existing valuation on the main residence, removing the need for a new report. A clear repayment plan was agreed, tied to the disposal or refinance of the SPV’s completed scheme.
Inspired Lending specialises in short-term funding for residential and commercial property, covering acquisition, refurbishment, conversion, development exit, and capital raising.
“Cases like this show why experience matters,” said Nathan Wilson, lending manager at Inspired Lending (pictured). “The borrower needed a lender who could look at the complete picture and back a plan that made sense. We knew the development was complete, the exit options were clear, and the timescale was tight. Our team moved at pace, accepted the historic valuation, and gave the borrower a result that kept their wider plans on track.”
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