The loan was agreed at 75% LTV at 0.78% flat over a 10 month term.

The £1.65 million facility included a £1 million capital raise for a Tenerife purchase.

The borrower faced a six-week deadline to repay their bridge facility, which was fully cleared.

The deal completed at 75% loan-to-value with a five-year fixed rate.

The property had an expected finished value of £4.25m.

Mera’s loan book has now passed £100 million following recent transactions.

The £3.2 million loan was based on market value rather than vacant possession, allowing the client to raise a higher sum.

The 42-apartment London development secured funding at 70% loan-to-gross-development-value, enabling the project to proceed despite challenging market conditions.

Early legal instruction and indemnified searches allowed immediate execution once the offer was approved.

Inspired Lending completed the loan within ten days of issuing a decision in principle.