Funding to Purchase a Development Plot in Rural Location
Funded: £155,000
Location: Motherwell, Scotland
Property Type: Land with Planning
Funds For: Purchase
Timeframe: 13 Days
Our client had negotiated a favourable purchase price for a development plot in rural Scotland and needed funds to complete the purchase quickly.
Lowry Capital provided initial funds to purchase the plot and further funding to begin the building work. It is expected that the developer will return for further funding as the project progresses. Lowry Capital is able to tailor funding in line with build costs therefore developers only draw the funds actually needed, keeping finance costs to a minimum. This finished property will be a luxury detached house in an idyllic, rural location.