Converting an Old Public House Into Residential Properties
Our client approached us requesting funding to purchase a old closed down public house in Rutland County.
The Boot Inn Pub had recently been put on the market by the previous owners.
Our client saw potential in the property and applied for planning to convert the old pub into a residential property.
Their plan is to convert the main pub building into one large family home then convert the annexe into a another residential property.
Lowry Capital provided a total of £270,000 in funding, initially for the purchase of the property and we have now released further funds upon their successful approval, for the development of the site.
This flexible funding package and Lowry Capitals multi-tranche approach, enabled our client to act quickly & secure the site, and begin work instantly without delay
We have no doubt that our client will complete this build to the highest standard and help bring new life to a disused building, while creating much-needed housing in the local 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.
