Funds for a Century-Old Church to be Converted into Residential Dwellings

Funds for a Century-Old Church to be Converted into Residential Dwellings
Funded: £313,600
Location: Cowie, Stirling, Scotland
Property Type: Residential
Funds For: Conversion
Timeframe: 3 Tranches

The client was an experienced property developer and required funding to convert a church into two, four-bedroom semi-detached properties. 

Work had already started but funds were required quickly to enable the project to continue. Lowry Capital initially released £228,000 based on an OMV of £375,500. 

As work continued on the property, re-inspections were carried out and which allowed us to provide 2 additional tranches totalling £85,600 to enable the client to complete the project.



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.