Inspired Lending has been successfully repaid on their largest bridging finance deal to date, with the Surrey mixed-use property refinanced after facing cost and cashflow pressures during refurbishment.

Despite ongoing challenges through the loan term, Inspired Lending’s privately funded lending model enabled decisions to be made throughout the life of the project based on the circumstances of the case, without being restricted by third-party funding covenants or institutional constraints.

“The real measure of a lender isn’t on loans where a project runs exactly to plan,” said Gavin Diamond, chief executive of Inspired Lending. “It’s what happens when it doesn’t. Property projects are living things and circumstances can change, particularly on larger and more complex schemes.

Read full article