Funding for the Conversion of Former Dental Surgery to a HMO

Funded: £125,500

Location: Derby, UK

Property Type: Residential

Funds For: Development

Timeframe: Client Deadline

When the opportunity to convert a former dental practice into a HMO arose for our client, Lowry Capital's funding enabled our client to move at the pace required. Our funding has enabled this property to be converted into a high-yield HMO.

Lowry Capital looks at every project on its merits and we make common-sense lending decisions. In this instance, the property was situated next to a former petrol station which had raised environmental concerns with other lenders. Lowry Capital overcame this issue and was comfortable to lend.

By working side-by-side with our clients, Lowry Capital proactively pushes the development process forwards and work to overcome any obstacles.

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.