What is Development Finance?
Development finance is a longer term lending solution which can be used to finance refurbishment / conversion or ‘ground-up’ projects. Development finance is particularly useful when funding for works to a property are being sought.
How can Avamore help?
Please see below a full rate card for development finance, get in touch if you’d like to discuss anything further:
||65% (including rolled up interest)
|Max Day 1
||70% (including fees)
(including rolled up interest & fees)
|Developer Profit (minimum)
||20% profit on (post finance) cost
|Minimum Loan Size
|Maximum Loan Size
||Conversion: 6.5% p.a. (up to 24 months)
Ground Up: 8% p.a. (up to 12 months)
|Type of Scheme
||Residential or mixed use
||Limited companies and incorporated partnership
||Arrangement fee: 2.0%
Exit fee: 1.0% of loan
*All rates are subject to situational review