Inspired Lending has arranged £1.38m in bridging finance secured against three vacant industrial units in Brixton, south London. The 12-month facility was structured at 55% loan-to-value against the interconnecting commercial properties.
The transaction was introduced by Narinder Gill, senior associate at Coreco Commercial Finance. The borrower, a non-trading business, used the funds to settle third-party creditors and partially repay a shareholder loan before proceeding with the planned sale of the asset.
Transaction structure
The deal involved releasing equity from an unencumbered property within a defined timeframe. The units were formerly owner-occupied and the borrower’s exit strategy centres on disposing of the asset within the loan term.
“Cases like this ultimately rely on consistent communication and a straightforward approach, particularly where timing and certainty are paramount,” said Gavin Diamond, chief executive of Inspired Lending.
Diamond added that the borrower needed to address financial commitments whilst awaiting the property sale, and the lender’s role was to provide a structure allowing time and flexibility to do so.
Gill noted that whilst the capital raise was straightforward in structure, there was a clear need for speed and certainty given the borrower’s position.
Wider market context
The transaction forms part of Inspired Lending’s activity in the first quarter of 2025. In January, the firm launched a funding facility targeting property professionals and experienced investors. In March, it reduced bridging rates across its product range.
The deal highlights continued activity in the bridging finance sector for commercial property, particularly where borrowers require short-term funding ahead of asset disposals. The 55% LTV reflects a conservative approach to lending against vacant commercial premises.
Inspired Lending operates in short-term property finance across capital raising, acquisitions, refurbishment and development exit scenarios. The lender works with borrowers on both standard and complex cases.