Conversion of Office Space into Three Large Luxury Flats
Funded: £400,000
Location: Dundee, Scotland
Property Type: Residential
Funds For: Conversion
Timeframe: Client Deadline
Our client approached us with a request for £400,000 in funding to transform a historic listed building in Dundee into three premium luxury flats.
The building, once used as office space, had fallen into significant disrepair and required substantial investment to unlock its potential.
Lowry Capital provided £400,000 in three stages, enabling the conversion of the dilapidated office space into three spacious, high-specification flats.
With a current Gross Development Value (GDV) of £750,000, the project is set to deliver a strong return, ensuring a profitable outcome for the investor.
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.
