Inspired Lending has provided a £500,000 capital raise to support a business owner’s cashflow requirements.
The funds were secured by second charges against a portfolio of seven tenanted residential properties, including houses and flats, at 71% loan-to-value (LTV).
To expedite the process, desktop valuations were used, allowing the deal to be completed quickly within a tight timeframe.
The borrower needed the funds urgently for ongoing business needs, with repayment coming from proceeds of upcoming transactions.
The loan was introduced by Callum Taylor of Portway Finance.
Gavin Diamond (pictured), CEO of Inspired Lending, said: “This deal highlights our commitment to providing fast, flexible lending solutions tailored to meeting our clients’ needs.
“Desktop valuations coupled with our streamlined process enabled us to deliver funds promptly, helping the borrower maintain business momentum.
“At Inspired Lending, we pride ourselves on finding a way to navigate complex cases without sacrificing speed or quality.”
Callum Taylor, CEO and founder of Portway Finance, said: “This case required a lender who could offer a flexible, common-sense approach and move quickly.
“Inspired Lending’s ability to use desktop valuations and work within a tight timeframe was pivotal in helping my client access the funds they needed to keep their business running smoothly.
“Their proactive and solution-oriented approach made all the difference.”
