Funds to Convert a Former Council Office Building into 32 Flats
Location: Fife, Scotland
Property Type: Residential
Funds For: Conversion
Timeframe: 15 drawdowns
Our client was able to acquire an historic council building for conversion for an excellent price. The costs to convert the building were significant and the work needed to be completed quickly as most of the flats had sold off plan. The client needed a speedy and streamlined process and to be able to draw down the money each month. Lowry Capital does not require QS inspections - instead we rely on regular valuation surveys throughout the project.
Lowry Capital provided funds of £3,400,000 in fifteen drawdowns. The development will prove to be a very lucrative project, netting our client over £1million profit after all costs.