Funding to Complete a Commercial Development
Funded: £460,000
Location: Scottish Borders, Scotland
Property Type: Commercial
Funds For: Completion
Timeframe: 28 Days
Our client, a successful agricultural machinery retailer, required funding to build a new tractor showroom to expand their business.
Due to the specialist nature of this commercial development, traditional high-street funding was not available.
We worked with the client to release the funds in line with their schedule of works - keeping their costs to a minimum.
The funding was drawn in 2 tranches - totalling £460,000. This enabled a quick and cost-effective build.
Lowry Capital provides a streamlined drawdown process without the need for quantity surveyors.
Our funding has enabled the client to significantly grow their business.
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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.
