Urgent Development Funding to Convert a Former Boot Factory into 26 Apartments

Funded: £276,000

Location: Bristol

Property Type: Residential

Funds For: Development

Timeframe: 12 Days

Our client, an experienced property developer, had purchased a large former boot factory premises in Bristol and had obtained planning consent for 26 apartments.

The client already had development finance in place with another lender – however, late in the day, the lender advised it would take another 3 to 4 months to be able to complete their funding.

As the client already had urgent financial commitments; including bills for architects, groundworks and planning which needed to be paid, Lowry Capital agreed to provide interim funding of £276,000, taking a view on some of the planning conditions in order to meet a 12-day deadline.

“Lowry Capital have brought our award-winning levels of service to the often overly-complex world of Property Development Finance. Our streamlined and highly efficient lending process guarantees ease of funds and speedy delivery. We believe development finance doesn’t need to be so complicated!”

“Brilliant! Thanks Richard.”

Mr. Grant – Property Developer, Bristol

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.