Funds for a Century-Old Church to be Converted into Residential Dwellings

Funded: £313,600

Location: Cowie, Stirling, Scotland

Property Type: Residential

Funds For: Conversion

Timeframe: 3 Tranches

The client was an experienced property developer and required funding to convert a church into two, four-bedroom semi-detached properties.

Work had already started but funds were required quickly to enable the project to continue. Lowry Capital initially released £228,000 based on an OMV of £375,500.

As work continued on the property, re-inspections were carried out and which allowed us to provide 2 additional tranches totalling £85,600 to enable the client to complete the project.

Before

After

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.