Development Funding to Complete Two Semi-Detached Houses

Development Funding to Complete Two Semi-Detached Houses
Funded: £228,000
Location: Cumbria, UK
Property Type: Residential
Funds For: Development
Timeframe: 25 days

This client was a returning customer, who had extensive property development experience. The client had secured land, obtained planning permission, and developed the site to approaching wind and watertight. She now needed funds to complete the two high spec semi-detached houses and to pay for professional fees on another development site.

Lowry Capital provided £288,000 to continue the building work. The completed development has a GDV of £900,000 and after all costs are accounted for, this will result in a very profitable development for the client.

Lowry Capital’s development funding is flexible, easy to draw and without the need for a quantity surveyor.

At Lowry Capital, you will always deal directly with a decision maker and we look at every project on its own merits.

Client Comment:

"We received the funding from Lowry Capital yesterday.  
Lewis was brilliant in getting it set up.  


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.