Releasing Urgent Funds for The Auction Purchase of an Old Club & Post Office Building

Our client, an experienced property developer, came to us requesting urgent funding to release equity from a property asset they owned, in order to complete the auction purchase of an old club & former post office building in Norfolk. 

Having successfully secured the property at auction, the client is now in the process of obtaining planning permission to convert the commercial premises into seven high-end apartments, and with the auction deadline fast approaching, they needed a funding partner who could move quickly.

Lowry Capital acted immediately, after being contacted by the client on Friday, legals were instructed, and a valuation of the clients asset was completed by the following Wednesday. 

Lowry Capital provided £186,000 in funding, releasing funds against the client's unencumbered property in just one week, enabling the client to complete the auction purchase and keep the project on track.

The client is now progressing with the development and is set to return to us to draw down additional funding as the build moves forward.

At Lowry Capital, we specialise in fast, flexible property finance. We lend our own money & provide simple, easy-to-draw funding, that you can access in as little as one week. 

Security

Auction Property