Funding to Convert an Old Bank Building In a Conservation Area Into 3 Flats
Our client approached us requesting funding to convert an old commercial bank building into 3 high-end flats in Rochdale.
The stunning former bank building, constructed in 1910, is recognised as a locally important property and is situated within a conservation area.
Our client has obtained planning permission to convert the building into 3 high-end flats and restore the building while preserving its historic character and introducing modern luxury throughout.
Lowry Capital funded 62,500 for the conversion of the property and we are on hand to make more available if necessary as the build continues.
This is another fantastic example of how Lowry Capitals flexible funding can help restore historic buildings and support ambitious developers property projects.
Development Site
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Historic Image
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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.
