Inspired Lending completes £635,000 refinance and capital raise on semi-commercial Leicester asset

28 July 2025

Inspired Lending has completed a £635,000 facility to refinance a vacant semi-commercial property in Leicester, following the recent completion of extensive conversion works.

The two-storey building, formerly a factory, has been transformed into a mixed-use asset comprising two retail units at ground level and eight self-contained residential flats above. The short-term loan has been used to refinance the borrower’s existing facility, which had funded the works, and to raise additional capital ahead of letting the units.

The borrower plans to let the residential and commercial elements and move onto a longer-term commercial mortgage once the income stream is stabilised.

Inspired Lending structured the facility to reflect the borrower’s completed work and future plans, providing a clean refinance route as they transition from development to investment.

This latest deal adds to Inspired Lending’s track record in funding complex cases involving semi-commercial and mixed-use property. Recent completions include an £800,000 “finish and exit” facility in Devon and a £2 million conversion scheme in Nottingham.

Inspired Lending provides short-term funding for residential and mixed-use property projects, including refurbishment and conversion, development exit and capital raising.

Gavin Diamond, CEO of Inspired Lending, said:

“This case reflects a familiar scenario. One where a borrower has successfully completed a project and now needs a clean, simple way to move onto the next phase. Our role was to step in quickly with a structured refinance that gives them some cash flow and breathing space to let the property and secure a commercial term loan. It’s exactly the kind of pragmatic lending we aim to deliver: fast, flexible and rooted in the real value of the asset.”

For more information, visit: https://inspiredlending.co.uk