Inspired Lending has completed its largest loan to date, providing a £5.7 million facility over an 18-month term to refinance and refurbish a prime mixed-use freehold investment property located in Shepperton, North Surrey.
The property comprises 11 retail units and 25 residential flats which forms a key part of the location’s high street landscape.
The loan was designed to refinance the borrower’s existing high-street lender and provide £1.3 million for the refurbishment of the residential units at the primary security. Refurbishment funds will be delivered in a series of tranches.
Secured with additional residential and commercial properties from the borrower’s portfolio in addition to the primary security, the loan facility was structured at a loan to value (LTV) ratio of 61% net on Day 1 and 64% LTGDV. The deal’s complexity included an offshore parent company with shareholding held in trusts.
The borrower was introduced to Inspired Lending by their business advisers, who have a long-standing relationship with Gavin Diamond, CEO of Inspired Lending, going back over 15 years. The borrower’s exit strategy includes a combination of property sales and refinancing, ensuring a clear path to loan repayment.
Diamond (pictured) said: “This £5.7 million deal underscores our capability to handle complex, high-value transactions and highlights the strength of our relationships, which are built on a track record of delivery and our ability to apply a personal touch.
“We worked closely with the borrower and their advisors, taking a bird’s-eye view of the case to develop a tailored funding solution that ensures the successful completion of the project. This is a perfect example of how we go beyond traditional lending, using our expertise to deliver bespoke financial solutions.”
