Development Funding for 3 Timber-Framed Residential Units From The Ground Up
Our client approached us requesting development funding for funding 3 residential units in rural Yorkshire
They had inherited a large property and had successfully gained planning to demolish the property and replace it with 3 high-end timber framed residential units on the plot.
using the land with planning as security Lowry Capital was able to structure an initial facility that enabled the development of the site to get underway immediately.
Lowry Capital initially provided £206,000 for the development and infrastructure of the site, and we are set to make additional funds available as the build progresses.
The client was delighted with both the speed and simplicity of the funding and the the build is now making great progress.
Development Site
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Our Development Funding:
- Lowry Capital is a lender of development funding. We provide loans of up to £4million within a few days.
- As a principal lender, we lend our own money and make our own common-sense lending decisions.
- We provide an award-winning service and you will always deal directly with a decision maker.
- No upfront arrangement fees, no solicitors cost undertaking, we share a genuine desire to get a deal done.
- Hands off lending approach: You choose and manage the professionals and contractors for your development.
- Previous development experience not essential.
- Our streamlined and highly efficient lending process guarantees ease of funds and speedy delivery.
- We provide developers with flexible, bespoke funding, tailored to fit your schedule of works.
- Funds can be drawn down in multiple tranches and you will only pay for the money actually drawn, keeping finance costs to a minimum.
- Our funding helps with your cash-flow and allows you to keep significant funds from the sale of units.
- Development funds can typically be drawn-down within 10 days.
- No proof of income required.
