Inspired Lending has completed a £1.38m bridging loan secured against three formerly owner-occupied industrial units in Brixton, helping a borrower settle creditors ahead of a planned property sale.

The 12-month bridging finance facility at 55% loan-to-value was needed to settle third-party creditors and partially repay a shareholder loan, allowing the business the time to maximise the proceeds of sale.

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.

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