Funding for the Heavy Refurbishment of Run Down Property

Funded: £390,500

Location: Stamford, UK

Property Type: Residential

Funds For: Purchase

Timeframe: Client Deadline

A returning client was looking for urgent funding to purchase, extend and refurbish a dated bungalow.

When purchased, the property was in an extremely poor state. With lots to tackle, the client was keen to release funds in stages in line with their schedule of works. By only drawing the funds as and when needed, the client has kept finance costs to a minimum. So far, Lowry Capital has provided a number of tranches of funding to date, totalling £390,500.

Property in Original State: 2023

Property 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.