Inspired Lending has completed a £2.1m bridging facility to assist an experienced landlord in consolidating three investment properties into a single corporate structure.
The loan was provided at 70% LTV on a six-month term and secured by first legal charges across a portfolio of residential buy-to-let properties. The assets were previously held in a combination of personal and limited company ownership.
The borrower required a short-term funding solution to refinance existing mortgages and complete the transfer of the properties into a unified company structure. The facility was structured to allow for repayment via refinance once the transition was complete.
Gavin Diamond, CEO of Inspired Lending, said: “This was a complex restructure requiring clear coordination across multiple ownership structures and legal entities, as well as getting to grips with SDLT requirements. By working closely with the borrower’s advisers and our own professional partners, we were able to put a tailored facility in place within a short timeframe to support their long-term investment plans.”
Inspired Lending provides bridging, refurbishment and developer exit finance across the UK, with an emphasis on speed and flexibility for property professionals.
