Inspired Lending provides £1.22m bridge for PBSA investment

10 September 2024

Inspired Lending has successfully completed a £1.22 million bridging loan to facilitate the investment in a Purpose-Built Student Accommodation (PBSA) site.

The six-month second charge facility, secured against the borrower's newly refurbished home, was provided at 70% loan to value (LTV) within a short timeframe to ensure the borrower could capitalise on this strategic opportunity.

The borrower is planning to repay the loan through a refinance of the property, a process that was already underway at the time of funding. This case underscores Inspired Lending’s ability to provide swift and efficient funding solutions, even amidst complex legal and financial scenarios.

In this instance, to meet the client’s urgent funding deadline, Inspired Lending agreed to rely on legal undertakings to deal with any outstanding legal matters. This enabled the team to address key risks early and deliver funds promptly, despite several challenges.

It perfectly highlights Inspired Lending’s philosophy, where decision-making and service are made as simple as possible.

Gavin Diamond, CEO at Inspired Lending, commented:

“This case emphasises our commitment to providing rapid and substantial loans, particularly in scenarios where timing is critical. Our ability to collaborate efficiently and address legal complexities swiftly was pivotal in meeting the borrower’s needs. This demonstrates our flexibility and dedication to delivering innovative financing solutions.

“Inspired Lending’s portfolio continues to grow, reflecting our ambition to become a significant provider of bespoke short-term loan facilities in the UK.”