Funding to Build 5 Residential Units on an Old Horticulturalists Yard
Our client came to us requesting funding to build 5 residential properties on an old horticulturalists yard in the highly sought after west-end of Glasgow.
They had received planning permission to build a 5-unit residential development comprising two semi detached units and a three house terrace block.
The existing site was previously used as a horticulturalists yard, and with our funding, the developer was able to breathe new life into land.
This client provided 4 properties as security which allowed us to increase the amount of funding available to them.
Lowry Capital provided £1.84million in funding, across multiple tranches, allowing the developer to quickly access more funds when they are required.
Using our simple, easy to draw funding they were able to complete the development to the highest standard.
Site Development
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New Development
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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.
