Avamore Capital’s Bridging Finance proposition is based upon dealing directly with decision makers, therefore providing borrowers with a prompt and efficient service. Avamore Capital will lend up to 70% LTV, with loan sizes between £250k – £5m. Minimum monthly interest is 0.58%, with loans available to limited companies, LLP’s and formal partnerships, not private individuals. In addition, Avamore will only lend in the following areas: London, Cambridge, Oxford, Home Counties, Bristol & Bath.
Avamore Capital’s Development Finance proposition is designed to provide developers with a full development funding proposition. Their terms are outlined below: Max LTGDV (Loan To Gross Development Value) is 60% with a max day one loan of 70% LTV. Developer minimum profit on cost that Avamore require is 20%, with a minimum development finance loan of £500k and maximum development finance loan of £7m. Interest rates are charged according to the term, with minimum monthly interest of 0.6% per month for facilities up to 12 months, with a minimum monthly interest rate of 0.79% per month for facilities up to 18 months.