Urgent Funds to Complete a Residential Development in Sunderland

Urgent Funds to Complete a Residential Development in Sunderland
Funded: £110,000
Location: Sunderland
Property Type: Residential
Funds For: Development Completion
Timeframe: 14 Days

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.”

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.