Funding for the Development of 8 Holiday Homes in an Area of Outstanding Beauty
The client owned land in a remote location in Scotland. Planning permission had been granted for eight luxury homes. Our client required funding stages to progress with the development and infrastructure works.
Our client was keen to keep funding costs to a minimum, and therefore only draw the funding needed in line with the schedule of works. Lowry Capital’s flexible development funding ensures clients are only charged for actual funds drawn.To date, the client has received funding of £300,000 in two tranches and it’s likely the client will return for further funding to complete this luxury development in an area of outstanding beauty.
As this project shows, Lowry Capital lends throughout the UK and is happy to lend in remote and rural locations.
Our Development Funding:
- Lowry Capital is a lender of development funding. We provide loans of up to £3million 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.