Inspired Lending has provided a £400k works facility to support the refurbishment of a vacant commercial property located on a Devon high street.

The borrower had secured a new tenancy agreement with a prominent national convenience store operator but the property required substantial refurbishment works to meet the terms of the lease. The funding was structured to be delivered in tranches, facilitating the phased completion of the project.

Once the tenant is in place, the loan will be repaid through long-term refinancing.

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