Inspired Lending has completed a £1.38m capital raise secured by a first charge against a vacant commercial property in Brixton, structured at 55% loan-to-value. The 12-month bridging finance facility was arranged against three interconnecting industrial units, formerly owner-occupied, with the planned sale of the asset providing the exit route.
The deal was introduced by Narinder Gill, senior associate at Coreco Commercial Finance. The borrowing business was no longer trading, and funds from the loan were used to settle third-party creditors and partially repay a shareholder loan, clearing outstanding liabilities ahead of disposal.
Structuring the deal around a clear exit
The transaction centred on releasing equity from an unencumbered asset within a defined timeframe, requiring Inspired Lending to take a considered view on both the property and the borrower’s broader financial position.
“Cases like this ultimately rely on consistent communication and a straightforward approach, particularly where timing and certainty are paramount,” said Gavin Diamond, chief executive of Inspired Lending (pictured).
“The borrower needed to address a number of financial commitments while awaiting a sale of the property, and our role was to provide a structure that gave them the time and flexibility to do that.
“By fully understanding both the asset and the rationale behind the funding, we were able to move decisively at the right time.”
Gill echoed the point on execution. “On paper, this was a straightforward capital raise in structure, but with a clear need for speed and certainty given the borrower’s position,” he said. “The team at Inspired Lending were able to take a pragmatic view on the asset and deliver a solution that allowed the client to settle liabilities and progress with the planned sale.”
A busy start to the year for Inspired Lending
The Brixton deal adds to an active opening quarter for the lender. In January, Inspired Lending launched a flexible funding facility aimed at property professionals and experienced investors. Earlier in March, the firm reduced bridging rates across its product range.
Inspired Lending focuses on short-term property finance across a range of scenarios, including capital raising, acquisitions, refurbishment and development exit. The lender works with borrowers on both standard and more complex cases, with a stated emphasis on speed, structure and certainty of delivery.
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