Inspired Lending has successfully facilitated a £934,000 loan facility, greatly aiding a new development project in Kent.
- The loan was structured as a first charge with an 18-month term, providing significant flexibility for the borrower.
- The borrower is capitalising on the property’s potential by seeking planning approval for future development, enhancing its value.
- Inspired Lending’s tailored approach has empowered the client to manage their portfolio effectively while awaiting planning permissions.
- Industry figures have praised the bespoke financing solution for meeting immediate needs and supporting long-term plans.
Inspired Lending has effectively provided a £934,000 loan facility aimed at refinancing a tenanted residential property situated in Kent. This strategic move was accomplished through a first charge on the property, with a duration of 18 months at a loan-to-value ratio of 72%, allowing the borrower substantial leeway in managing the financial commitments.
The property in question is a significant Grade II listed structure, which includes a substantial main house of two storeys and a separate one-bedroom annexe, all positioned amidst approximately five acres of land. The borrower, who already possesses three investment properties and runs a thriving business, is actively seeking planning permission to implement a new development scheme on the premises.
The primary objective behind securing this loan was to facilitate the sale of the property at an enhanced value upon obtaining the necessary planning approvals, thereby maximising potential returns. Consequently, this refinancing initiative not only enables the borrower to pursue these development ambitions but also provides the necessary capital to effectively manage their existing property portfolio.
Industry experts, such as Danny Sovitch, co-founder at Life Financial Solutions, noted the importance of Inspired Lending’s agility and customised loan solutions in this specific case. He remarked, “Inspired Lending’s ability to understand requirements, move quickly and offer a tailored loan facility was exactly what the borrower needed in this situation.”
Gavin Diamond, CEO at Inspired Lending, echoed these sentiments by emphasising the company’s knack for providing “flexible, bespoke financing for complex property deals.” He highlighted the dual benefit of meeting short-term needs and planning for longer horizons, stating, “This case is a perfect example of our ability to provide flexible, bespoke financing for complex property deals.”
Inspired Lending’s strategic loan provision has effectively positioned the borrower for future success in their development efforts.
