London £4.6m

Finish & Exit

Gross Loan

£4,617,644

Loan Type

Finish & Exit

Term

15 Months

LTGDV/LTV

57%

Annual Rate

8%

Monthly Rate

0.667%

The part-complete four-storey, mixed use development is being carried out by a developer with extensive construction and developer experience. The property is close to the Shoreditch and Hoxton areas, both of which have plentiful access to amenities and career opportunities. Moreover, the property is situated close to Hoxton Station which is served by the East London Overground line, making it easy to commute into central London locations.

“Avamore took on a difficult case both in terms of execution but also in terms of working to a tight deadline over Christmas. The team’s dedication to ensuring completion of the loan despite challenges was refreshing. The team at Avamore are well resourced but equally full of knowledgeable professionals that were a joy to work with. We hope to do more with this group.”

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