Funding for part-complete development projects. Avamore can step in at any stage to support a developer.
The Part Complete Development is for projects which are part-built. This means they are not eligible for a traditional developer exit because there are works remaining on the site.
The developer may have either run out of their existing development facility so there are insufficient funds to complete or the developer was relying on sales processed to fund the project which have not come in.
*BBR is added onto quoted Avamore Rate and floats throughout the lifetime of the loan. Fixed rates are available upon request.
The Part Complete Development 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 Part Complete Development loan.
To find out more information, take a look at the PCD FAQS
If you have a Development, Part Complete Development, Refurbishment or Bridging case, you can head to our calculator to find out if the deal fits and, download instant terms to send to your customer.
If your customer is happy to proceed, you can contact the team on firstname.lastname@example.org to request an Enquiry Form and quote you Indicative Terms reference number.
Alternatively, if you’re not too sure about the case details, feel free to give our Internal Relationship Management team a call on 020 4518 0085 and we can discuss the parameters and generate terms for you.
To download a copy of our Initial Enquiry Form, please click below.
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.