Funding to Complete The Fourth & Final Property of a Residential Development
Our client came to us via a broker, requesting funds to build the fourth and final house of a development in North Ayrshire, Scotland.
The client had already completed and sold 3 of the other houses on the plot and required some additional funding in order to build the last property.
At the time of application, the utilities and groundwork had already been completed and the client had glazing joists and roofing already on site.
Lowry Capital provided £40,000 in funding towards the build process and are set to release more funds as the build progresses.
Utilising Lowry Capital’s multi tranche approach, the client only pays for the money they have borrowed and can access more funds at different stages throughout the build.
Development Property & Mockups
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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.
