Development Funding to Revive & Convert a Historic Seafront Hotel

Funded: £1,500,000

Location: Colwyn Bay, Wales

Property Type: Commercial & Residential

Funds For: Development

Timeframe: Client Deadline

Our client, an experienced developer, had identified a prime development opportunity on the seafront in Colwyn Bay, North Wales.

Their target: The derelict Imperial Hotel once iconic, now in need of transformation.

The Imperial Hotel was built in Colwyn Bay's heyday as a prime British seaside holiday destination around the end of the 19th century.

The once grand hotel was left to decay after WWII and was practically abandoned by the end of the 20th century.

Our client saw the potential & secured planning permission to transform the old building into a stunning mixed-use development, comprised of 21 high-spec apartments and 5 ground-floor retail units.

But, in order to make this ambitious development happen they needed a fast, responsive funding partner.

Lowry Capital provided £1,500,000 in funding over multiple tranches for the continued development of the site.

The final result is a stunning example of how a talented developer & a flexible funding partner can help to repurpose, regenerate & revive an Iconic old building.

The 5 new retails spaces below were all snapped up straight away and the high-end apartments have just hit the market, with demand expected to be strong.

Historic Site

Development Site

Finished Site

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.

You can learn more about our Development Funding Here.