Avamore provides funding for light, medium & heavy refurbishment projects. Planning Flexibility feature applies.
From 8.25% p.a.
Up to 75%
Up to 75%
Avamore funds light, medium & heavy refurbishment projects. These parameters are determined by the percentage of works compared to the day 1 market value. Upper limits are 25%, 25-100% and 101+% for light, medium and heavy respectively. Therefore, the product is suitable for residential conversions or commercial to residential projects. The Planning Flexibility feature applies across all refurb types.
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 8.25% p.a. for light and 8.5% for medium and heavy. 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.