Inspired Lending has provided a 6 month bridging loan facility of £1.3m secured against multiple properties. The loan facilitated a complex refinancing and restructuring of the borrower’s portfolio. Our loan allowed the borrowers to repay existing borrowings and move their properties from personal names into a corporate structure. This also freed up other portfolio properties for development projects.
This transaction was not straight-forward. It involved multiple lenders and had several legal challenges to overcome. However, our experience, flexibility and pragmatic approach enabled us to comfortably meet the borrower’s deadline. With the properties now in a new corporate vehicle, the borrower will obtain refinance to repay their bridging loan.
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