Development Finance

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?

 

Pease see below a full rate card for development finance, get in touch if you’d like to discuss anything further:

Item Number*
Max LTGDV 67.5%
Max day 1 70% (including fees)
LTC 95%
(including rolled up interest & fees)
Developer profit (minimum) 20% profit on cost
Loan Term 3-18 months
Minimum Loan Size £500,000
Maximum Loan Size £7,000,000
Minimum monthly interest 0.65% (up to 12 months)

0.79% (up to 18 months)

Maximum monthly interest 0.95%
Type of scheme Residential or mixed use
Borrower type Limited companies and incorporated partnership
Fees Arrangement fee: 2.0%

Exit fee: 1.0% of loan

 

*All rates are subject to situational review

Next steps

 

To discuss next steps, please call us on +44 (0) 203 440 9651 or, send us an email on enquiries@avamorecapital.com. If you are ready to check whether your case qualifies, please email us the following information:

 

  • Description of project and completed units
  • Location
  • Developer experience

 

When do you use development finance with Avamore?

 

  • Refurbishing and / or extending an existing property
  • Ground up development of a site
  • Converting an 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.

View Other Avamore Products

 

Residential Bridging

 

Simple service for residential bridging

 

Commercial Bridging

 

Straight-forward solutions for commercial bridging

 

Bespoke Solutions

 

Dynamic solutions for unique circumstances