Avamore provides funding for light, medium & heavy refurbishment projects.
0.58%
7%
Up to 75%
Up to 85%
£250k+
3-24 Months
Avamore funds light, medium & heavy refurbishment projects. Therefore, the product is suitable for residential conversions or commercial to residential projects. If the borrower needs funds for a site purchase before works commence, Avamore can support with its residential or commercial bridging product. Avamore can fund the build cost, upfront, in arrears or at practical completion.
*Fixed and floating rates available. The above pricing is only a guide. Please contact us for more information.
The Refurbishment product is applicable for any development scheme which has a minimum of 1 existing wall being maintained on the project.
Standard pricing is 7.50% p.a. + BBR. In addition, the maximum day 1 LTV is 75% across light and medium works and 70% for heavy works. The Planning Flexibility feature allows an additional build facility for enhanced or modified planning. A developer can either have submitted plans or be considering further works in order for a discretionary facility to be included and unlocked only when planning is gained. It can also be used if the developer is waiting for final sign offs on planning and would otherwise have to take an initial bridge loan.
To find out more information, take a look at the FAQS.
If you would like to discuss a project with Avamore, please provide the following information at initial enquiry stage:
This will allow Avamore’s Relationship Managers to determine whether we are able to provide you or your client an indicative offer.
Avamore Capital is a provider of unregulated loans to corporate entities and private individuals. All loans to private individuals comply with the exemptions set out in the Financial Services and Markets Act 2000 (Regulated Activities) Order 2001.
