What is the Finish & Exit Product?
The Finish & Exit Product provides funding for part-complete development projects. Following unexpected delays and cost overruns caused by the UK lockdown in March 2020, there are a number of good quality developers that are likely to need funding to finish off their schemes and cover the exit. To enquire about part complete funding for you or your customer, please click here.
Avamore’s part-complete funding (Finish & Exit) can be used in the following cases:
- When a developer has run out of time on the existing loan facility
- If there is a cost overrun which requires funding
- The project is not eligible for a traditional developer exit
In these scenarios, Avamore can provide:
- 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
How can Avamore help?
Please see below a full rate card for our Finish & Exit product, get in touch if you’d like to discuss anything further: