Urgent Development Funding - Margate Kent
Our clients, experienced property developers, were in the process of building 6 houses in Margate Kent. Due to unforeseen circumstances, cash flow had become tight, resulting in the need for an urgent cash injection to progress the project and pay the contractors on time. The timeframe was critical, the client needed funds within 5 days. As such, we instructed lawyers and surveyors within 2 hours, who were able to provide the legal due diligence and valuation report within 3 days. Lowry Capital was able to take a commercial view on some legal aspects which couldn’t be resolved within the very tight timeframe. Our clients had the funds they urgently needed within 5 days.
“With all the experience and goodwill in the world, sometimes unforeseen problems arise. It was essential for this development to keep the skilled tradesmen/team onboard and building suppliers paid on time. Our quick funding ensured the development continued to run smoothly and this lucrative project proceeded on time and budget.”