The facility will support the 34-bedroom hotel through its trading ramp-up after it reopened in April following an extensive renovation.

The 71.25% LTV loan will support construction completion over the next three months, with further sales expected.

The property refinance released capital against a £1.3m detached period property, putting the borrower in a position to pursue further auction purchases.

The loan completed within 10 working days of agreement in principle, three working days ahead of the borrower’s deadline.

The six-storey property includes a 44-bedroom hotel and 15 residential apartments, split between long-term rentals and holiday lets.

The facility runs for 12 months, with interest retained for the full term.

The loan supports the conversion of former Hertfordshire school buildings into 40 apartments and 3 houses.

The £35.5m facility is set at 70% LTV against a scheme with a GDV of £51.1m.

The business has expanded over the past decade from dairy farming into four ventures: glamping, a bistro, soft play and an event venue.

The asset is a four-bedroom detached property bought below market value.