Funding for part-complete development projects. Avamore can step in at any stage to support a developer.
The Finish & Exit is designed for projects which are part-complete. This means they are not eligible for a traditional developer exit because there are works remaining on the site.
For example, the developer may have either run out of their existing development finance facility and so there are insufficient funds to complete the project or the developer was relying on sales processed to fund the project which have not come in.
The Finish & Exit product suits a range of scenarios and it can provide:
Funding for near completed schemes
Refinance of the existing development finance facility
Drawdown of funds to complete the development
Time to sell the units once the development is complete
A potential pre-agreed equity release
It is important to note that schemes do not need to be wind and watertight to qualify for a Finish & Exit loan.
To find out more information, take a look at the Finish & Exit FAQS
If you would like to discuss a part-complete case with Avamore, please provide the following information at initial enquiry stage:
The above information will allow Avamore’s Relationship Managers to determine whether we are able to provide you or your client an indicative offer.