Lowry Capital offers a range of lending products to the commercial and private market, specialising in bespoke finance solutions for customers with unusual needs
The team at Lowry Capital fully understand the importance of developing a lending product that perfectly suits the needs of each individual borrower. While one lending solution might be ideal in a certain situation, it might be entirely inappropriate for another project; being flexible is the key to being a successful bridging lender, and Lowry Capital are an excellent example of an adaptable bridging provider.
Lowry Capital boasts an extensive portfolio of satisfied clients across a diverse range of investments, from listed properties in Scotland to luxury homes in Monaco. Crucial to the success of larger projects is Lowry Capital’s ability to offer staged lending solutions; by providing finance in smaller chunks, Lowry Capital can minimise interest costs for their borrowers, enabling them to complete projects both on time and on budget.
As well as offering well thought-out lending products, Lowry Capital also gives customers some of the very best service available within the bridging lending sector. Funds are made available in as little as a week after an application is made, which allows investors to quickly create a financial strategy for swift and secure expansion. Lowry Capital gives investors and developers the tools they need to become successful in a fast-moving real estate marketplace, where every hour counts.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
To qualify for a commercial bridging loan the overall use of the property being used as collateral will need to be at least 40% commercial. For example, if the property is a rental unit with a flat above the commercial part of the property would have to represent more than 40% of the total property. Furthermore, most lenders would also insist on a separate entrance to the flat.
Yes. They can be a great tool for landlords who want to do renovations on their properties to improve rental yields. The value of the properties will also reflect these property improvements and make it easier for the landlord to refinance them onto competitive Buy-to-Let (BTL) mortgages and clear any bridging. Like residential bridging, commercial loans can also be useful when a property chain is broken.
Yes. Absolutely. They can be very useful in both the above instances and to solve a variety of other problems.
Yes they can. They can be used by a huge variety of companies and by foreign nationals who can struggle to get High Street Finance.