Urgent Funds to Complete a Residential Development in Sunderland
Our clients were undertaking a residential development in Sunderland consisting of three 4 bedroom townhouses. Whilst the development had reached the 1st fix internal stage, the clients urgently needed funds to complete the three properties.
The client did have some funds available, however, cashflow was tight and the development was dragging on. By releasing development funding from Lowry Capital, the client was able to keep all tradesmen onboard and complete the development much quicker than their own limited funds would allow.
“Lowry Capital is happy to lend on properties in need of significant internal work and provide funds quickly to complete property developments. We have no minimum loan term and lend throughout England, Scotland and Wales with no postcode restrictions. We are increasingly being used by property developers UK wide to provide the final stage development funding, when projects have gone over budget or cashflow is tight.”