Inspired Lending has provided a £1.07m funding facility for the purchase and refurbishment of a vacant multiple-unit freehold block (MUFB) in Cornwall comprising 16 residential flats.

We agreed to support the purchase of £1m and thereafter fund the full refurbishment costs of £350k in tranches, supporting the borrower’s phased approach to enhancing the property.

The borrower also plans to create two additional units upon securing planning permission which we intend to support with additional funding when required.

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