"This project showcases our ability to provide flexible, structured funding solutions for borrowers with a clear vision for unlocking the potential of commercial property"
- Gavin Diamond - Inspired Lending
Inspired Lending has announced the provision of a £400,000 funding facility to support the refurbishment of a vacant commercial property located on a high street in Devon.
The borrower, a direct applicant, had secured a new tenancy agreement with a prominent national convenience store operator. To meet the terms of the lease, the property required substantial refurbishment works, amounting to £400,000.
The loan, secured by way of a first charge over the commercial building, allows the borrower to carry out essential refurbishment works ahead of the lease’s completion. Once the tenant is in place, the loan will be repaid through term refinancing.
This bespoke solution demonstrates Inspired Lending’s dedication to supporting sensible commercial property projects, enabling borrowers to unlock the potential of vacant assets and drive value creation.
“There were several elements to navigate in this deal, but it was evident from the start that the borrower was an experienced property professional with a clear and well-structured vision for the project," explained Gavin Diamond (pictured), CEO of Inspired Lending, “This has already been validated post-completion, as the asset’s transformation has progressed in line with their plans, demonstrating their expertise and commitment to achieving their goal in the minimum time possible.
Gavin concluded, “This project showcases our ability to provide flexible, structured funding solutions for borrowers with a clear vision for unlocking the potential of commercial property. By funding the refurbishment in tranches, we have tailored our support to match the borrower’s requirements for the project.”
