Funding for the Development of 7 Detached Houses
Funded: £690,000
Location: Sowerby Bridge, UK
Property Type: Residential
Funds For: Development
Timeframe: Client Deadline
These clients are experienced property developers that had an option to purchase a development site of 7 building plots.
To keep their development costs to a minimum, they agreed with the seller to buy one plot at a time, and develop them one by one.
Lowry Capital agreed to provide funding in stages, initially providing £100,000 for plot one.
By purchasing one plot at a time, the clients were able to keep funding costs to a minimum.
Lowry Capital will be providing further funding in stages in line with the build costs.
Lowry Capital has a minimum drawdown of only £25,001, enabling the clients to only draw the funding they need, when they need it.
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