Development Funding for Three Terraced Townhouses
Funded: £230,000
Location: Dunfermline, Scotland
Property Type: Residential
Funds For: Development
Timeframe: Client Deadline
Our client, an experienced joiner, who we have worked with previously, approached us directly with plans to build 3 terraced houses in Dunfermline, Scotland.
This client, an experienced Joiner was keen to progress his own developments and had extensive experience working with a team of tradesmen.
We provided £230,000 in total towards the development costs across multiple tranches
The client was able to take advantage of our hands off lending approach and managed to complete the project to the highest standard.
The properties are now worth £1.1m and the client stands to make a healthy profit.
Development Site April 2021:
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Completed Site & Mock Ups
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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.
