Inspired Lending has provided a £1.8m facility to a repeat borrower to support the acquisition and refurbishment of a large nine-bedroom Grade II listed Manor House in the Cotswolds.
The historic property, situated within 1.6 acres and surrounded by barns and outbuildings, was purchased for £1m, with the borrower seeking an additional £1m to modernise and improve the site.
Of the total facility, Inspired Lending advanced £650,000 towards the purchase and is funding 100% of the refurbishment costs through staged tranches, with an anticipated GDV of £2.75m
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