Inspired Lending has arranged a £844k loan facility to support the purchase and redevelopment of a vacant high-street property in Bristol.

The borrower intends to reconfigure the ground-floor retail space and convert the upper floors into four residential flats under Permitted Development (PD) rights.

A day-one net advance of 70% Loan-to-Value (LTV) towards the purchase, with additional funding for refurbishment works totalling £365k released in tranches. The total loan facility represents 60% Loan-to-Gross Development Value (LTGDV) with a 15-month term.

Gavin Diamond, CEO at Inspired Lending, commented: “This deal showcases our ability to provide tailored financial solutions for experienced developers, helping them to seize opportunities and unlock the full potential of their assets.”

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