Lending for you
Refurbishment
Funding for light to heavy schemes
Can fund the build upfront, at PC or in drawdowns
No Exit Fee regardless of level of works Development
Flexible on experience
Solution driven equity structures
Flexible on PGs
Part Complete Development
Ability to step in at any stage of the build
Experienced team with strong track record in funding PCDs
Pre-agreed equity release available Bridging
Acquisitions and development exits
Net Sales proceeds available
Lend against market value NOT 180 value
ABOUT AVAMORE
We are a principal development and bridging lender with a forward-thinking approach Since 2015, Avamore Capital has specialised in complex funding structures, providing innovative financial solutions to meet diverse client needs.
Every individual at Avamore is dedicated to providing outstanding service and understands that developer needs are consistently evolving As such, we were the first ever lender to introduce the Part Complete Development product to the market. This sits alongside our Bridging and Refurbishment loan products
We are dedicated to partnerships and building trusting relationships with all of our customers, intermediaries and service providers As a team we stand for transparency, reliability and predictability and we are committed to delivering outstanding service at competitive prices
Our team offers relevant and intelligent funding solutions to suit the real time needs of property developers Therefore, we will always work closely with intermediaries and developers to help them achieve their goals This is either through traditional products or, by identifying underserved areas of the bridging and development market and delivering innovative solutions that truly work
Our process of reviewing deals in full with credit committee before any reports have been instructed or any fees paid by the borrower mean we can offer more certainty than other lenders of what terms will be achieved
IN BUSINESS FOR
JOURNEY TO DATE
BACKGROUND
TOTAL LENDING
£789m
MULTIPLE FUNDING LINES 10
YEARS
• Established in late 2015
• Primary focus on refurbishment, development and bridging transactions
• Lending in mainland England and Wales
• Experienced team of 26 people with growth plans for 2025
ACCOLADES
• Winner of Development Lender of the Year in 2022 B&C Awards
• Highly Commended for our Part complete product in 2022, 2023 & 2025 B&C Awards
LOAN BOOK
• Live Loan book over £200m
• Over £350m worth of assets currently under management
• Largest deal to date £13 2m
• Average loan between £1m - £3m
FUNDING
• Backed by multiple institutional funding lines
• Maintaining a broad and varied capital pool to provide greater optionality to the market
• Working alongside funding partners to bring more competitive products to the bridging and development space
PRODUCTS
Innovative solutions with pioneering technology
At Avamore Capital, we recognise that technology is a game-changer in the property lending industry By strategically leveraging automation, real-time data, and intelligent decision-making, we have not only improved operational efficiency but also enhanced the experience for brokers, borrowers, and investors
As a growing business, investing in technology is a crucial step in scaling efficiently without losing the personalised service and expert decision-making that define our approach We are not replacing people; we are empowering them with tools that make their jobs easier
Our mission is clear: to create a more efficient, scalable, and transparent lending process that benefits everyone involved.
To truly revolutionise the lending process, we have focused on developing core technological solutions that address key pain points in the industry Our efforts have resulted in the successful creation of three major platforms:
Centra: A Real-Time Loan Tracking System
One of the biggest challenges in property lending is ensuring transparency and visibility into the status of loans Centra was developed
to provide real-time tracking of loans, offering a clear and instant view of where each deal stands at any given moment
This system has greatly enhanced our ability to manage live loans, allowing our teams to proactively identify and address any issues that may arise For brokers and borrowers, it provides greater visibility into the lending process, fostering trust and streamlining communication
When your client has a project underway, delays in drawdowns can be costly We process drawdowns with precision, ensuring funds are released without unnecessary delays, through proactive communication Our in-house team maintains clear, direct lines of communication so brokers and developers always know where they stand We also only work with trusted professionals to ensure valuations are handled promptly and correctly, preventing unnecessary back-and-forth
We assess projects on their individual merits, offering funding structures that adapt to challenges—not just a rigid formula Whether it’s adjusting contingency allowances or structuring finance to accommodate evolving project needs, we make it work We empower brokers with the confidence that they can offer their clients a lender that thinks ahead and acts decisively
THE FUTURE OF AVAMORE
LEAP: The Power Behind Our Decision-Making
A major breakthrough in our technological journey has been the development of LEAP, a system that powers all our background calculations LEAP serves as the foundation for automated credit decisions, ensuring that data is processed accurately, consistently, and efficiently.
By integrating LEAP into our lending processes, we have significantly improved the speed and accuracy of our analysis, making it easier for us to assess risk, structure deals, and make informed lending decisions This has been particularly valuable in enhancing the consistency and scalability of our credit assessments LEAP transforms market analysis by providing unparalleled accuracy in property valuations and risk assessments By leveraging real-time data, LEAP goes beyond traditional radius-based pricing, offering precise insights at a road-by-road level This innovation enables us to define exact price points, assess asset exposure, and deliver smarter, data-driven advice—giving our partners a competitive edge in the market
Cavendish: A Seamless Loan Application Interface
Cavendish was designed as a user-friendly loan application system that integrates directly with LEAP to deliver real-time evaluations By automating many of the manual tasks typically associated with loan applications, Cavendish reduces
processing times, minimises errors, and enhances the overall borrower experience
For brokers, this means faster responses and a more seamless process, ultimately improving their ability to serve clients effectively This system in collaboration with LEAP will enable brokers to get an instant view of the viability of a scheme and effectively advise their clients before a penny is spent by the client The process ensures all the necessary insights are gathered without additional expense, such as valuations on properties that might not go further in the application process due to a decreased valuation
What’s Next: Advancing Credit Decision-Making Through Automation
Avamore Capital is entering a new phase of innovation, enhancing credit decision-making through automation while maintaining essential human oversight Our upcoming tech-driven enhancements will streamline operations, improve risk assessment, and boost efficiency.
• Automatic Insolvency Checker
• Automated Credit Decisioning for Simple Loans
• Credit Paper Automation
Our technology-driven approach ensures long-term scalability and competitiveness Through innovation, Avamore Capital continues to set new standards in property lending
GREGORY TARN
Managing DirectorOrigination & Execution
JACOB BOUET ANDERSEN Managing Director - Lending Operations
ADAM BUTLER Director of Sales & Marketing
NICHOLAS DUKE Director of Finance & Operations
SOPHIA LEE Relationship Manager (London)
CAMERON LEVITT Relationship Manager (London)
GEORGE ORMEROD Relationship Manager (South/ South-West
GEORGE POOLE Relationship Manager (Midlands & North)
HARRY YATES Head of Transactions
JOSH DALAH Internal Relationship Manager
CHRISTIAN GADD Internal Relationship Manager
CHARLOTTE HARRISS- ORR Analyst
OUR TEAM AND VALUES
ED BLUNDELL Head of Underwriting
SPENCER KING Underwriter
SAIF ALI KHICHI Underwriter
JAMIE PEACHAM Underwriter
DAVINA PATEL Marketing Manager
CHAYANNE DENYS Asset Manager
ARCHIE PROCTOR Asset Manager
HENRY CHAPMAN Asset Manager
TANZEEL JAVAID Assistant Management Accountant
SILAS NICHOLLS Junior Software Developer
PEDRO PENELAS Junior Software Developer
BIRAJ PANTHA Junior Software Developer
Avamore Capital’s USPs
Here are just some of the areas Avamore specialise in
BORROWER
Minimum Profit Margin
Previous Experience/New to Development
PG Flexibility
STRUCTURE
Equity Structures
Net Sales Proceeds
PCD Experience
FUNDING
Lending Against OMV
Funding Refurbs 3 ways
Smaller Dev Loans
CASE STUDIES
THE SCENARIO
The client purchased a plot of land for £350,000 and worked up the planning to build 2x4 bedroom detached properties in Sussex The build costs were £602,000 with an expected GDV of £1 05m This was the client’s first development after a lengthy career as a main contractor building similar style properties in the area for clients
THE CHALLENGE
Although a strong scheme, the profit margins were low based, just under 10% The client proceeded to pay for and instruct reports via a challenger bank and unfortunately, there was a down valuation on the GDV’s from £1 25m to £1 05m Moreover, the build costs rose from £550,000 to £602,000 Both these points meant that the loan was now at
63.5% LTGDV and had only 6.2% Profit on Cost After more than 8 weeks and at a huge expense to the client, the incumbent lender went to credit and decided that the profit margin was below their credit policy and declined to lend even though the loan was within LTV/ LTGDV parameters
THE SOLUTION
Avamore understood that although the profit was low, there still maintained enough profit to make the scheme worthwhile and that as the client had purchased the site with their own cash, they were invested and needed support to complete the scheme Additionally, Avamore were able to retype the reports and turn the whole application around in just over 4 weeks
Case Study 2
PREVIOUS EXPERIENCE
THE SCENARIO
The clients were purchasing a plot of land with planning permission to build 3x3 bedroom homes The agreed purchase price was £795,000 and a build facility of £810,000 was required The expected GDV was £2 24m The client was an experienced contractor but had only completed two relatively light refurbishments in their own name
THE CHALLENGE
The client, although an experienced contractor, was not ticking the experience
Case Study 3
PG FLEXIBILITY
THE SCENARIO
The clients owned a commercial building and have worked up planning to convert into 46 flats. The value of the site with planning was £600,000 with build costs of £2 7m and a GDV of £4 3m There were 4 clients in total, two HNW individuals who owned the site but lacked the required experience to do the development They had a partnership with two experienced developer individuals who came onto the company and set up a JV
THE CHALLENGE
The HNW individuals did not want to provide any PG’s due to their high net worth but were struggling to find a lender
box with most lenders Moreover, they had relatively limited funds to put into this deal
THE SOLUTION
Avamore understood the client’s background and although on paper lacked the desired experience appreciated they had the knowledge and experience to successfully complete the development Furthermore, Avamore worked with one of their junior lender partners and were able to fund a combined net day one of £630,000 as well as all the build costs
who would be flexible on required PG’s. Moreover, as the HNW individuals already owned the site, they were wanting to protect their equity in the scheme
THE SOLUTION
Avamore agreed to no PG’s from the HNW individuals and only 25% PG’s from the newly added experienced developer clients Combined the team had a wealth of experience, knowledge and capability to complete the scheme Moreover, Avamore allowed the HNW individuals to register a second charge to the amount of the current value meaning they could protect their equity without hurting their ability to borrow maximum leverage
Case Study 4
CASE STUDIES
PART COMPLETE DEVELOPMENT
THE SCENARIO
The client was looking for part complete development funding on a site in derby for 13 terraced houses The estimated GDV of the site was £3 5m and the expected costs to complete were £800,000
THE CHALLENGE
The clients had initially encountered issues as the former contractor had built to a poor standard and therefore the majority of the work they had done needed to be torn down and re-done At the time Avamore saw the scheme they were at floor plate level, but they had already spent over £1 1m on site but were not anywhere near the expected stage based on the costs spent This meant that profit in the scheme remained low, and the ‘story’ seemed to confuse some lenders
THE SOLUTION
Avamore’s vast experience in the complexities with part complete schemes meant that following a call with the borrower they had rectified the issues with the contractor, removing them from the site and employing a new more experienced contractor They were due to have frames up on site in the coming weeks Avamore took a prudent approach to understand that the scheme and borrower were still good clients and that although at a high LTGDV (67 5%), that there was a successful scheme here just in need of the right experience and knowledge to fund Avamore successfully funded the scheme and are due to exit imminently
OUR PRODUCTS
OUR PRODUCTS
Part Complete Development
Ability to step in at any stage of the build
Refinance of the existing development finance facility
Drawdown of funds to complete the development
Works are outstanding so not eligible for an exit bridge
A potential pre-agreed equity release
Refurbishment
Funding for light, medium and heavy refurbishments
Residential refurbishments
Commercial to residential conversions
Build facility available, on day one, in tranches or at PC
No Exit Fee! - Regardless of level of works
Development
Single dwellings to multiple houses or flats
W ill consider reduced profit margin
Flexible on client’s previous development experience
Flexible on PG requirements
Complex ownership or equity structures
Bridging
Funding for residential and mixed use
Acquisitions and development exits
Auction purchases and BMV Transactions considered
Net Sales proceeds available on development exits
Lend against OMV not 180-day value
Please get in touch to discuss any enquiries you have that may need solution driven outcomes in any of these areas:
• Refurbishment or Conversion
• Part Complete Development
• Development
• Bridging
Office Number: 0203 440 9651
Office Email: enquiries@avamorecapital.com
Office Address: Cannon Place, 78 Cannon Street, London, EC4N 6HL
Website: Avamore Capital
Linkedin: Avamore Capital
Refurbishment
Funding for light to heavy schemes
Can fund the build upfront, at PC or in drawdowns
No Exit Fee regardless of level of works Development
Flexible on experience
Solution driven equity structures
Flexible on PGs
Part Complete Development
Ability to step in at any stage of the build
Experienced team with strong track record in funding PCDs
Pre-agreed equity release available
Acquisitions and development exits
Net Sales proceeds available
Lend against market value NOT 180 value