Hello! At Lowry Capital we provide fast funding for property projects. If you’re a property developer or property investor and you need funding quickly to buy, develop, refurbish or complete a property project, you’re in the right place.
Our client had started a development project of 6 new build bungalows – all of which were partially built and already reserved.The client needed immediate funding of £820,000, in order to pay off another lender and to complete the work on the properties.
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The client had planning permission to convert the building into six, luxury two-bedroom apartments. However, funding was required quickly in order to pay off an existing lender and carry out the work.
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The client had an existing bridging loan and required urgent refinance as the loan had reached the end of its term. We provided a loan of £375,000 based on an OMV of £750,000.
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