Avamore Capital’s PCD: A Solution to Funding Issues

Avamore Capital’s Part-Complete Development loan is an ideal solution for borrowers facing challenges in completing their development projects. The loan is designed to help borrowers navigate through difficulties that may arise during construction and ensure the project is finished on time and within budget.

There are several common reasons why lenders may choose not to re-finance an existing facility, and understanding these can help shed light on why Avamore’s Part-Complete Development loan is such a valuable option.

Lenders Deciding Not to Continue with the Development

Sometimes, lenders will choose not to continue financing a development due to various concerns about the project’s future. These concerns can include market conditions, the developer’s financial stability, reduced profitability or the perceived risks of the remaining work. In such cases, the borrower may be left without sufficient funds to complete the project, leading to delays or halted work.

Weather Impacting the Build

Unpredictable weather conditions can cause significant delays in construction, especially in the early or middle stages of development. Prolonged rain, snow, or extreme temperatures can halt work, leading to missed deadlines and increased costs. These delays often result in cash flow issues for developers. In these situations, traditional lenders may withdraw their support or refuse to extend the loan.

Cash Flow Issues One of the most common reasons why lenders may not re-finance an existing development facility is cash flow issues. As development progresses, it’s common for developers to face cash flow problems due to delays in sales, unexpected costs, or difficulty obtaining additional funding. When a project is nearing completion but cash flow becomes tight, lenders may be hesitant to continue financing the development.

Avamore’s Part-Complete Development product offers a flexible and reliable solution to these common challenges. Whether the scheme is still in the early stages or nearing completion, we are prepared to fund developments at any point. This loan is an excellent option for those needing refinancing of their existing development finance, access to additional funds for completion, and even the ability to release equity once the project is finished.

The loan is available even if the project is not yet wind and watertight, making it suitable for a wide range of developments. With Avamore’s Part-Complete Development loan, borrowers can gain the peace of mind that their project will be completed successfully, regardless of the challenges that may arise during construction.

Avamore has helped many developers who were unsure of where to turn to, and the results speak for themselves. The product offers much-needed financial support to developers facing issues that can be easily rectified with the flexibility and understanding that Avamore offers. Their ability to step in at any stage of the build ensures that developers can finish their schemes on time and on budget, helping to turn challenging situations into successful outcomes.

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