Funding to Complete the Construction of a 7 Bed New-Build House
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Funded: £456,500
Location: Glasgow, Scotland
Property Type: Residential
Funds For: Development
Timeframe: 4 Drawdowns
The client is a highly experienced property developer whose latest project was the development of a 7-bed new build house. Lowry Capital was happy to fund the project in four smaller tranches to keep the interest costs to a minimum - with the client only paying interest on the funds drawn.
Lowry Capital has over 15 years lending experience throughout Scotland and has great surveyors and solicitors in place to ensure a quick and smooth process.
In this instance, it was essential for the client to have the funds available to draw down quickly to pay the contractors on time, ensure a quick build and maximise profit realisation.
The project ran smoothly and Lowry Capital is working with the client on the next project.
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