Development Funding for 3 Timber-Framed Residential Units From The Ground Up
Our client approached us requesting development funding for a 3 unit residential scheme in rural Yorkshire.
The site consisted of a large plot with an existing property, which the client had inherited.
Having successfully secured planning permission, their vision was to demolish the existing dwelling and replace it with three high-end detached homes, designed to maximise both the setting and end value.
A key feature of the scheme was the use of a modern construction approach, incorporating a timber frame system that allowed for faster on-site assembly, significantly improving build efficiency and reducing overall programme timelines.
With our hands-off lending approach, we were comfortable supporting the client in utilising this new and more experimental build method.
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 have provided £453,000 for the development and infrastructure of the site across 3 tranches and we are set to make more available as the build progresses.
As with all of our funding solutions, no quantity surveyor was required, drastically reducing costs and removing unnecessary administrative burden, allowing the developer to focus on delivery.
The client was particularly impressed with the speed and simplicity of the funding process, and the development is now progressing well on site.
Once complete, the scheme will deliver three exceptional homes that combine contemporary design with the character of their rural surroundings.
Lowry Capital is proud to support experienced developers in bringing ambitious, high-quality schemes to life.
Development Site
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Original 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.
