Funding for the Development of Six Detached Properties, Built Simultaneously
Our client came to us with a request for funding on their biggest project to date—a residential development involving 6 detached properties being built simultaneously.
They had already self-funded the project to this point but needed to release £235,000 initially to keep the project moving forward.
The client had been in discussions with another lender for some time, but the process was stalled due to the lender insisting on collateral warranties from every contractor on site. This requirement proved to be both difficult and costly for the client to fulfil.
Our streamlined and highly efficient lending process guarantees ease of funds and speedy delivery.
At Lowry Capital we do not require collateral warranties or Quantity Surveyors, we were able to proceed quickly and offer a solution that allowed the client to continue without delay. The client accessed the required funds quickly, and the project has been progressing smoothly since.
The client intends to draw further funds at a later date to ensure the property completes as soon as possible.
Development Site Progress November 2024:
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