Our clients, first time developers, approached Lowry Capital following successful planning permission being granted to build a detached house in the back garden of one of their properties.
The property is in a high-value area with the finished property commanding a premium price.
To date, Lowry Capital has provided funding of £208,000 to undertake the groundworks, foundations and also to order the materials and timber kit - with a view to providing a total amount £500,000 by project completion.
With our expert knowledge we have assisted the clients throughout this journey, offering critical advice and support every step of the way. With the opportunity to realise a significant profit, with a house estimated to be worth £1,150,000 on completion, there is motivation to get the property complete as quickly as possible and our flexible lending approach is geared towards this goal.
Development Site
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.
