Repaying an Existing Lender & Releasing Funds For The Development Of Student Accommodation

Our client, a highly experienced property developer, approached us with an exciting new project Pontypridd, South Wales. 

The proposal: demolish a disused pub and repurpose the land to create five x 5-bedroom semi-detached homes, specifically designed for the lucrative student rental market at the nearby University of South Wales.

This wasn’t the developer’s first major project, having previously built and renovated multiple properties across South Wales, however it was a key step in their long-term strategy to retain high-yielding rental assets.

Planning permission had already been granted & the derelict old pub on site had been demolished and site cleared ahead of schedule.

Lowry Capital provided £225,000 in funding to repay an existing charge on the land by another lender and free up funds for the upcoming development of the site.

Thanks to our simple, easy drawdown process, they were able to quickly access the funds and continue with the development of the site without delay. 

This project is a great example of how Lowry Capital’s straightforward funding solutions can help clients unlock funds that are tied up in other loans, stay flexible with staged drawdowns, and keep their developments moving. 

Our funding gives developers the freedom to focus on what they do best: delivering high-quality schemes with confidence anywhere in the UK.

Existing Site: