Inspired Lending helped to save the purchase of a developer’s new site after their investor pulled out shortly before contractual completion. By providing a loan facility at 70% LTV secured by 2nd charges against the borrower’s portfolio of 7 investment properties using a desktop valuation, we were able to provide funding within a few days to save the purchase and the developer’s deposit.

The loan is to be repaid from proceeds of sales of other ongoing development projects nearing completion.

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