Avamore Capital has raised the ceiling on its bridging loan size from £7.5 million to £25 million. This strategic enhancement is designed to offer more substantial financial solutions to property developers who need to bridge funding gaps in their projects.

Avamore’s development exit bridging loans, known for their customisability, are available with terms ranging from three to 18 months. These loans are particularly suited for developers requiring rapid property acquisition or those securing sites with approved planning consent. Additionally, these loans serve as an alternative when buy-to-let (BTL) financing is unavailable or when developers need to refinance a completed development to free up equity for new acquisitions.

The firm also provides favourable conditions for Below Market Value (BMV) transactions, allowing up to 85% financing of the purchase price and offering up to 75% loan-to-value (LTV) ratios with both fixed and floating rate options.

Adam Butler, head of sales and marketing at Avamore, expressed his enthusiasm about the enhanced loan services. “Our ongoing dialogue with broker partners has highlighted a demand for larger bridging loans, a need we are now better equipped to meet,” Butler stated. He also noted the challenges developers face in selling units or refinancing developments, emphasising Avamore’s commitment to addressing these issues with innovative financial solutions.

Butler concluded with a hint at future developments, indicating that Avamore plans to continue introducing products that add value and meet market needs effectively.