Refurbishment Product

Avamore provides funding for light, medium & heavy refurbishment projects.

Monthly Rate*

0.56%

p.m

Max LTGDV

Up to 75%

DAY 1 LTV

Up to 85%

Loan Amount

£250k+

Term range

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.

*BBR added to the Avamore rate. Fixed for the life of the loan. Floating rates available on request subject to Credit Committee approval.

Need More Information?

Download the product guide

What is there to know about Avamore’s refurbisHment Product?

Every refurbishment is different which is why we are flexible on how and when you fund yours. We offer funds on day one, in tranches or at practical completion, however best works for you or your client. The Refurbishment product is applicable for any development scheme which has a minimum of 1 existing wall being maintained on the project.

If you are not changing anything structurally, there is no need for an MS.

Take the stress out of your refurb and get in touch with one of the team to discuss how we can help streamline your next project.

You can take out a loan from £250k, our monthly rate is 0.56% p.m. + BBR. The maximum day 1 LTV is 85%, with a max LTGDV at 75%.

To find out more information, take a look at the FAQS.

Your Journey With Avamore

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 enquiries@avamorecapital.com 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.

Initial enquiry checklist

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Download the checklist of items required by the Relationship Managers to make a thorough assessment of your case

Once the Enquiry Form has been returned, your Internal Relationship Manager will package the deal to share with our Credit Analysts for a more detailed assessment.

At this stage, the transaction is reviewed by members of Avamore’s Credit Committee. At this stage, Heads of Terms, or a Decision in Principle is issued and the Formal Application Form is shared.

Once the Application Form has been completed in full and returned, the Credit Analysis Team will review the information and then request quotes from relevant 3^rd party professionals.

At the same time, the KYC process will begin and at this stage, the Analysts will need to liaise directly with the borrower. Ensuring that this is completed as quickly as possible is key, any delays in providing information could push out the transaction timescale.

Once quotes have been returned, fees are agreed, and the professionals are instructed.

The case is then handed over to Underwriting.

After the case has been handed over, you will be introduced to your dedicated Underwriter who will complete the deal.

It is important at this stage that the borrower is prepared to provide any necessary information to the Underwriter and 3^rd party professionals. It is useful to get ahead and gather required items early on; take a look at our list of essential points below.

The speed at which detail is shared throughout this stage will determine how quickly the case can complete.

Once all internal checks have been completed and final professional reports are satisfactory, the loan can complete.

3rd Party items

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To process your loan the Avamore underwriting team will need to work with a number of third party service providers. Click to download a list of items each of them are likely to need.

Following completion of the loan, the borrower will receive their day one funds. After this, they will be introduced to their dedicated Asset Manager who will be the main point of contact moving forwards.

The Asset Manager will be responsible for monitoring the progress of the loan, issuing drawdowns and arranging redemption when the time comes. They are also well placed to advise on your next step once the loan redeems.

HOW can avamore help?

Key information for Avamore transactions

Making an Enquiry

Avamore lends mainland England & Wales
Foreign and overseas residents considered
Flexible on personal guarantees
Loans start from £250k
Lending against OMV
Flexible on complicated equity structures
Minimum profit margins considered

If you would like to discuss a project with Avamore, please provide the following information at initial enquiry stage:

Full Address
Current value, Build Costs and Gross Development Value
Leverage required
Loan term required (include split between build term and sales term)
Developer experience overview
General description of the deal

This will allow Avamore’s Relationship Managers to determine whether we are able to provide you or your client an indicative offer.