Inspired Lending has completed a £980,000 developer exit facility secured against a newly built residential property in East Sussex. The borrower, an experienced developer, used the loan to refinance existing debt and raise capital for a new site acquisition.
The property, the final unsold unit in a five-home new build scheme, required minor works at the time of drawdown. Despite legal complexities—including a title transfer to a newly formed SPV—Inspired Lending worked closely with the borrower’s legal team to finalise the loan within two weeks of agreeing terms.
To help expedite the transaction, Inspired accepted a readdressed valuation report originally carried out for another lender. The loan was structured at 70% loan-to-value on a 12-month term and is expected to be repaid through the property’s sale.
Gavin Diamond, CEO of Inspired Lending, said: “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. It’s a strong example of how we apply a flexible, hands-on approach to deliver funding solutions when speed really matters.”
