Avamore Capital has completed a £626k development loan, structured at 70% LTGDV.
The loan was structured to provide competitive leverage while maintaining a prudent risk position, enabling the borrower to move forward with the project.
The transaction faced delays due to restrictions on the title, with a licence required before funds could be released. Avamore worked alongside the broker and borrower to resolve these issues, ensuring momentum was maintained and the deal progressed to completion.
Ed Blundell, head of underwriting at Avamore Capital, said: “Development finance often requires flexibility and collaboration. By working closely with the broker and borrower, we were able to structure a solution that addressed valuation challenges and title restrictions while maintaining strong underwriting discipline.”
