Final Stage Development Funding for a New Build

Funded: £1,000,000

Location: Dunning, Perthshire

Property Type: Residential

Funds For: New Build

Timeframe: 5 Days

The client is a highly experienced property developer who specialises in high-end steading conversions and rural developments in Scotland. The client had commenced a 32 property development in Perthshire and required funding in stages. Lowry Capital provided initial funds secured against a wind and water tight structure in order to finish one property and commence works on the next property. Once the next property was wind and water tight a new loan was drawn down to continue the development process. This cycle was repeated 8 times until the development was complete.

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.