Funding for the Development of 7 Detached Houses

These clients are experienced property developers that had an option to purchase a development site of 7 building plots. 

To keep their development costs to a minimum, they agreed with the seller to buy one plot at a time, and develop them one by one. 

Lowry Capital agreed to provide funding in stages, initially providing £100,000 for plot one. 

By purchasing one plot at a time, the clients were able to keep funding costs to a minimum. 

Lowry Capital will be providing further funding in stages in line with the build costs. 

Lowry Capital has a minimum drawdown of only £25,001, enabling the clients to only draw the funding they need, when they need it.