Former City lawyer and European property developer Amit Majithia has joined the short term property finance specialist Avamore Capital as Principal. Mr Majithia will bring more than 15 years of legal, property development and investment experience to the team and will join the firm with effect from 23 May 2016.
“We are extremely pleased to have found in Amit a person that brings with him a wide range of skills including those gained as a property lawyer and investment director for a property development company. Amit will help us greatly in Avamore’s continued expansion in the short term development lending and bridging space” says Michael Dean, Principal at Avamore Capital.
Mr Majithia started his career at the leading City law firm Taylor Wessing acting for a variety of institutional and corporate clients before moving to the Baltics where he was investment director for a development firm that specialised in large mixed use city centre projects.
“Avamore Capital is a fast growing and exciting platform for short term property lending which has established an excellent track record in providing senior, mezzanine and bridging loans to a wide variety of property developers, investors and entrepreneurs.
We have an acute supply shortage in the residential sector and strong growth in the retail and office sectors but increasingly traditional sources cannot or will not satisfy the demand for debt finance from small to medium sized developers. Avamore Capital therefore provides essential capital into the market for these groups. I look forward to joining the already very impressive team and helping to continue the firm’s growth” says Amit Majithia.
About Avamore Capital:
Avamore Capital is a special situations lender that provides loans to property traders, property developers, property investors, and other property entrepreneurs. Loan sizes are between £0.5m and £5m with larger loans possible in conjunction with its partners. Avamore Capital provides a flexible approach, quick feedback and very fast drawdown, subject to due diligence.