Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex.

The borrower required funding to refinance an existing development loan and raise capital for a new site purchase, using the final unsold unit of a five-home new build scheme with minor works outstanding as security for the loan.

Gavin Diamond, CEO of Inspired Lending: “This was a fast-moving case with a few legal complexities in the mix, but we quickly understood what the borrower needed and aligned our approach to match. By accepting a readdressed valuation and managing the title transfer alongside the loan process, we were able to keep things on track and complete within a tight timeframe.”

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