Funding to Continue Development of an Executive Holiday Let

We were approached by a developer who was part way through a development of a single, large, high-end holiday let in Devon.

The property is in a rural location and was being undertaken by an inexperienced developer. 

The client was introduced to Lowry Capital after having funding pulled by another lender, days before completion. The project was legally complex, and all parties had to persevere and work towards a solution which worked for both Lowry Capital and the client.

The property sits on a large parcel of land and will be finished to a high standard and has an estimated end value of £1,350,000.