Avamore Capital are a bridging finance specialist that offers bespoke loan packages to property developers and commercial customers in many different sectors
Bridging lenders must work quickly and confidently in order to fulfil their client’s needs; property developers usually need work to be completed as quickly as possible in order to maximise profits, so it’s important that their lenders can work within this pressured timescale. Because Avamore Capital consists of a small, tightly-knit firm of experts, it is able to expedite lending in order to meet their customer’s business objectives. Avamore Capital is able to finance projects extremely quickly, and offers to put funds in place in as little as 5 days - their case studies even boast of a £1 million+ finance package that was fully funded in just one week.
Avamore Capital offers a wide range of products to their customers, and their loans may be used for many different purposes; bridging loans for property purchases, Buy-to-Let finance, refurbishment and renovation, refinance and commercial investment. This variety is only possible thanks to Avamore Capital’s extensive market experience and ability to work with their clients to develop a bespoke, highly tailored loan package that suits their needs. Thanks to their streamlined working practises and highly focused organisational structure, Avamore Capital puts clients directly in touch with decision makers immediately upon application, enabling developers to move forward quickly with their projects.
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A bridging loan is a short-term loan secured against property. It allows you or your business to “bridge a gap” until either longer-term finance can be arranged, or the underlying security or other assets can be sold.
Commercial bridging loans are, as their name implies, bridging loans that are secured against commercial property.
There are many ways in which businesses can use a commercial bridging loan. Common uses are to cover short-term cashflow issues or to finance tax liabilities. More positively they can be used as working capital and by new businesses as a cashflow injection to acquire additional stock or even to acquire new equipment or premises for the business. Beyond these examples there are a huge variety of ways in which commercial bridging loans can be used.
Development finance can be offered against both residential and commercial property. Development loans are designed to help developers fund refurbishments, renovations, or conversions of existing property or to build brand new properties on a ground-up basis.
Development finance can be used for new build projects, commercial and residential developments, renovations, conversions or for the redevelopment of existing properties. Loans can be used for a vast range of different property types.