Funding in Six Stages to Build a Retail Park
Funded: £1,279,000
Location: Dunfermline, Scotland
Property Type: Dunfermline, Scotland
Funds For: Development
Timeframe: Client timescale
Our client needed flexible and easy to draw funding to construct a retail park in Dunfermline, Scotland. The development consisted of six retail commercial units (including two drive-thrus) and lucrative leases were already agreed with Blue Chip tenants. Our client was understandably keen to get the build completed as quickly as possible.
Lowry Capital provided initial funding at the groundworks stage, and six further drawdowns totalling £1,279,000 in line with the schedule of works. The GDV is estimated at £4m.
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