Inspired Lending has arranged an £844,000 loan facility to support the purchase and redevelopment of a vacant high-street property in Bristol.

The mid-terrace former bank premises spans the ground and two upper floors, featuring a retail unit and office spaces.

The deal was introduced by Truffle Specialist Finance and includes a day-one net advance of 70% LTV, with additional funding for refurbishment works totalling £365,000, released in tranches.

Inspired Lending confirmed the total loan facility represents 60% LTGDV with a 15-month return.

The borrower’s strategy is to refinance with a long-term facility following completion of the works.

Director of bridging and development at Truffle Specialist Finance, Luke Egan, said: "This project had multiple layers of complexity, from the mixed-use nature of the property to the phased funding approach for the development works.

"Inspired Lending’s ability to structure a flexible solution was key in meeting the borrower’s needs to facilitate the purchase and allow the project to progress in an efficient manner."

Chief executive officer at Inspired Lending, Gavin Diamond, added: "At Inspired Lending, we pride ourselves on delivering bespoke funding solutions that cater to unique and complex property investments.

"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."

---