Inspired Lending has completed an £822k developer exit loan for an SPV borrower in Sydenham, South East London, refinancing existing borrowing and releasing funds for other property projects already under way.

The 12-month loan was agreed at 70% LTV, priced at 0.89% per month and secured as a first charge.

The security comprised the final two flats within a new build eight-unit scheme, following the sale of the first six properties.

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