Our client, an experienced property developer and entrepreneur, approached Lowry Capital to facilitate the funding of their latest project in Cupar, St Andrews.
The client had obtained planning permission to build 5 large detached properties from scratch in the beautiful Scottish countryside.
Their previous lender had pulled out of the project at the last minute and they now needed a new funding partner to help facilitate the build.
Lowry Capital Funded £1.42million across multiple tranches for the development of the 5 properties, and the client was able to move swiftly throughout the build and complete each property to the highest quality.
All five houses are now complete, all of which are for sale for a combined value of £3million and demand is expected to be very high, resulting in a highly lucrative development project for our client.
Development Site: 2023
Development Site Progress: 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.
