Development Funding for the Conversion of a Former Hotel into Flats

A property developer was converting a former hotel into residential flats and had an existing 1st charge with a lender who would not provide any further funding to progress the project.
It was critical the client received funds quickly to ensure builders remained on site and the project didn't stall. Lowry Capital provided a loan of £814,000 to pay off the current lender and provide the client with a balance of funds to progress the works.
Lowry Capital will provide further funding in line with the client’s schedule of works. Further funding is typically available within 48 hours of request, ensuring the conversion will run smoothly whilst keeping the funding costs at a minimum.
This will be a luxury development in an idyllic location on the edge of the Peak District.
Exterior Works
![]() |
![]() |
![]() |
![]() |
![]() |
![]() |