Funding to Complete a Development of 14 Houses
Our client is an experienced property developer, whose latest project was a development of fourteen residential units in Lincolnshire.
The client had funded the development using their own funds to date, however in order to speedup the completion of development and handover to buyers who were waiting for the properties. The properties were in various stages of completion, from plot only to part-built structures.
Lowry Capital provided £700,000 with further funding to be provided in line with the client’s schedule of works.
By using Lowry Capital’s funding the client was able to supercharge the speed of the development completion, capitalising on the strong demand for the properties.
Site Development Works
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.