Our client came to us via a broker, requesting funds for the development of a unique 3-bed detached property in Hebden Bridge, Yorkshire.
We agreed in principle to fund the whole build - and throughout the short 6 month build process we provided funding of £221,000 over 3 tranches. The client only paid for the funds drawn, keeping costs to a minimum.
This property investor had previous experience in developing properties, so Lowry Capital’s hands off lending approach was perfect for this experienced client.
The property had a GDV increase of 10% during the duration of the build, and the client stands to make a healthy profit.
Due to the ease and success of this development for the client, further lending opportunities are now being explored.
Lowry Capital are always keen to build long-standing relationships with our clients.
Development Site Progress April 2024
Development Site Progress October 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.
