Conversion Product

What is the conversion product?


The conversion product is applicable for any development scheme which has a minimum of 1 existing wall being maintained on the project. The product can be used for converting an existing property into residential units or a mixed use scheme.


How can Avamore help?


Please see below a full rate card for conversion schemes, get in touch if you’d like to discuss anything further:

Item Number*
Price Starting from 6.5% p.a. (no LIBOR adjustments)
Minimum loan size £1,000,000
Maximum loan size £10,000,000
Max ltgdv 65%
Ltv (day 1) 70% (including fees)
Developer profit (minimum) 20% profit on cost
Loan term 3-24 months
Conversion definition Conversions & extensions/additional storeys. Partial demolition also permissible
Borrower experience Minimum 3 similar or smaller schemes in the past 3 years
Fees Arrangement fee: 2.0%* exit fee: 1% of loan amount
Location South England & the Midlands (excluding Devon & Cornwall with a northern boundary of Birmingham – Leicester – Stamford)

*All rates are subject to situational review

Next steps


To discuss next steps, please call us on +44 (0) 203 440 9651 or, email us on If you are ready to check whether your property qualifies for an Avamore solution, please email us the following information:


  • Description of property (including any future plans to develop)
  • Location
  • Vacant / tenanted
  • Use of loan (for bridge and refurb, please view our bespoke product)


When do you use the conversion product with Avamore?


Conversion of existing property to residential units or a mixed-use scheme.


Avamore’s experience


We have issued a number of development loans, review our case studies and find out how we have helped clients previously.

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