Inspired Lending has delivered an £800k loan facility to support the completion of a part-built housing development near Plymouth. The development had stalled due to issues with a previous contractor, delaying practical completion.

Each of the seven houses was at a different stage of construction, with some nearing completion and others requiring more significant finishing work.

The loan has been structured as a finish and exit facility, with funds released in drawdowns to match the schedule of works and payments set by the new contractor.

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