Inspired Lending provides £1.1m for structural refurb in South Yorkshire

The property, which had suffered significant structural movement due to a poorly installed ground source heat pump, had been stripped back almost entirely at the time of purchase.

While a structural survey confirmed the building was sound, remedial work was required.

By securing the facility against the property being purchased, alongside a second charge on another asset owned by the borrower, the lender was able to provide 100% of the purchase price as well as the full refurbishment cost of £385,000, drawn down in tranches.

The borrower is also considering a planning application to extend the second floor.

Once works are complete, the borrower intends to sell the property.

Gavin Diamond, CEO at Inspired Lending (pictured above), commented: “We regularly work with experienced borrowers on complex refurbishment projects like this one, where flexibility and a deep understanding of the underlying asset are essential.

“In this case, our ability to structure a facility that covered 100% of both the purchase and the build costs meant the borrower could move quickly and make the most of a high-potential opportunity.

“This case reflects our core values: delivering bridging finance grounded in common sense, driven by experience, and delivered with speed, clarity and honesty.”