Inspired Lending has provided a £2.4m bridging facility to support the acquisition of a vacant commercial building on an industrial site in Essex.

The borrower purchased the site for £4.95m through their business’ pension fund. To facilitate a swift transaction, Inspired Lending utilised a desktop valuation, reducing the time required for assessment.

Gavin Diamond, CEO of Inspired Lending: “We take pride in delivering flexible, responsive funding that empowers businesses to capitalise on strategic property acquisitions. In this case, our ability to act decisively helped the borrower secure an asset that will play a key role in their long-term business plans.”

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