Development Funding For a 4-Bed Detached House on the Outskirts of London
Funded: £606,000
Location: Watford
Property Type: Residential
Funds For: Development
Timeframe: Client Deadline
Our client approached us requesting funding to construct a four-bedroom detached home on a newly created garden plot near Watford.
The plot was originally part of a buy-to-let property already owned by the client and had recently been separated to allow for new development.
The clients had already commenced the build and were looking for fast, flexible development funding to maintain momentum and ensure the project was completed on time and to a high standard.
Lowry Capital provided £606,000 in funding for the development of the site.
The build is now nearing completion and is expected to be finished to the highest of standards, adding significant value to the site and creating a stunning new family home in a desirable area.
Development Site
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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.
