Conversion of an Old Barn into a Lucrative Buy-to-let Opportunity

Funded: £710,000

Location: Maidstone, Kent

Property Type: Residential

Funds For: Conversion

Timeframe: Client Deadline

Our client came to us via a broker requesting funds to pay off a current lender and complete barn conversion.

The client had obtained a previous loan from another lender in order to convert an old barn into a lucrative buy-to-let property in a sought after area of Kent. However, they required additional time and funding to complete this conversion which their current lender would not provide.

Lowry Capital provided a total of £710,000 in order to pay off the prior lender and complete the property to the highest standard which would generate a very strong rental income.

The funds were released quickly in line with the clients deadline, allowing for repayment of their previous loan and work to continue on the property.

Development Site Progress October 2024:

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.