Avamore Capital has completed six transactions totalling £11m in a single month.
The transactions were all introduced by a single broker – a one-man-band operator and active developer, who has worked closely with Avamore for the past 12 months.
The first segment of deals involved four high-spec HMO refurbishment facilities in South East London, totalling approximately £3.15m. The loans were provided to separate SPVs for a high-net-worth investor assembling a premium HMO portfolio within Article 4 areas.
Avamore structured the facilities at 75% day-one LTV against OMV and funded 100% of the build costs in arrears, while also enabling an equity release from the existing lender.
The second segment of deals involved two loans in Bristol. Avamore funded the £3.2m purchase and light refurbishment of a fully tenanted 24-flat block within a tight three-week deadline ahead of the Autumn Budget. The transaction was structured at 85% LTV against the purchase price with refurbishment costs funded in arrears.
The final transaction was a £4.5m multi-site portfolio acquisition in Bristol, secured against two separate flat blocks and a pair of semi-detached houses, which was structured as a company share purchase.
George Ormerod, relationship manager at Avamore Capital, said: “Completing six deals with one broker in a single month demonstrates what can be achieved when there is genuine alignment and trust. These transactions involved first time development, share purchases, tight deadlines and valuation challenges, but through collaboration and decisive underwriting we were able to deliver.”
