31 May Avamore delivers bridging loan again in just over a week from enquiry in Wandsworth
Avamore Capital, the specialist bridging & development lender has made a bridging loan in Wandsworth, SW8 secured against a newly converted flat, which is being marketed for just under £600k.
The loan, which was slightly less than £300k in total, was issued just over one week after the initial enquiry and was the third deal that Avamore have made with Arc & Co in only a few months.
Edward Horn Smith, who introduced the deal to Avamore said: “Many thanks to Avamore for delivering their usual brand of speed, service and reliability. Importantly too, they demonstrated a strong degree of flexibility on pricing.”
Amit Majithia, Principal of Avamore added: ” We were pleased to work with Edward again and deliver for his clients. We would urge other brokers and borrowers to get in touch to see what we can do for them.”
Avamore was represented by Laura Brown of Teacher Stern LLP
The borrower was represented by Naomi Williams of Banks Kelly
Note to Editors
Avamore Capital is a private property focused on short term bridging and development loans in UK. The company has been established as an investment vehicle of two family offices, which specialise in providing lending solutions to all types of property entrepreneurs against residential, commercial properties, and land across the UK. The nature of company’s funding and the structure have allowed Avamore to be very flexible and quick when it comes to decision making which has set the company apart from many other alternative finance providers. The company’s long-term goal is to establish itself as one of the major alternative lenders.
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