Funding to Complete a Property Development in North Yorkshire
Our client was in the process of converting three barns into residential homes and building three further detached houses on the remaining land.
£970,000 was required for the client to complete the purchase (a delayed completion had been agreed), finish the three barn conversions and to progress the three new build properties.
Lowry Capital provided £970,000 for the development to advance. And because our Development Finance is flexible, the client also has the option of drawing down further funds from Lowry Capital as the development progresses.
Broker Testimonial
“I was more than happy as all concerned were contactable and helpful in moving matters forward throughout the application process. The decision makers at Lowry Capital use common sense to make lending decisions, and always take a practical view, whereas some other lenders fail to do so.”
The Stables
The Hay Barn
The Old Granary