Avamore Capital completes £1.8m refinance for development exit

Avamore Capital has completed a £1.8 million refinance facility to support the development exit of four newly built residential properties.

The loan was structured to enable the borrower to transition from their development facility while retaining flexibility as the assets move forward.

The borrower is an experienced developer based in York, with a strong track record of delivering residential schemes in the region.

The transaction progressed through a collaborative approach, with both the borrower and broker remaining proactive throughout.

Their responsiveness and timely provision of information helped maintain momentum from credit approval through to completion.

There was also strong coordination between all professional parties involved.

Solicitors played a key role in ensuring documentation was turned around efficiently and that all requirements were met within the agreed timeframe.

Adam Butler, Sales & Marketing Director at Avamore Capital, said:

“This transaction is a great example of what can be achieved when you have an experienced borrower and broker fully engaged in the process.

The collaborative approach from day one allowed us to move quickly and deliver a refinance that positions the developer strongly for their next opportunity.”

Anna Zhabotynska, Underwriter at Avamore Capital, added:

“From a credit perspective, this was a well-structured development exit backed by a knowledgeable borrower with a strong local track record.

With clear communication between all parties, we were able to work through the finer details efficiently and complete within the required timeframe.”

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