Avamore provides funding for light, medium & heavy refurbishment projects.
From 8.5% p.a.
£400k – £5M
Avamore funds light, medium & heavy refurbishment projects. The parameters are determined by the percentage of works compared to the day 1 market value. Upper limits are 25%, 50% and 50+% for light, medium and heavy respectively. The product is suitable for residential conversions or commercial to residential projects. Under the heavy band, additional storeys and an increase of floor space are permitted.
Avamore’s Product is applicable for any development scheme which has a minimum of 1 existing wall being maintained on the project.
Standard pricing is 8.5% p.a. for light, 8.75% for medium and 9% p.a. for heavy. Maximum day 1 LTV is 70% across light, medium and heavy refurbishments. The type of project is dependant on the percentage of build compared with Day 1 Market Value. The boundaries are 25%, 50% and 50%+ for light, medium and heavy respectively.
To find out more information, take a look at the FAQS
If you would like to discuss a project with Avamore, please provide the following information at initial enquiry stage:
This will allow Avamore’s Relationship Managers to determine whether we are able to provide you or your client an indicative offer.