Avamore Capital

Avamore Capital completes its first deals in Cardiff and Manchester

London-based Avamore Capital has completed loans in a series of new areas after officially expanding its geographical boundary last year.

The specialist lender covers Southern & Central England and has a northern boundary of Greater Manchester, Leeds, Harrogate and York. 

The business has provided a £1m residential bridging loan across two properties in Cardiff and Newport, a £775,000 pre-wind and watertight finish and exit in Leicestershire and, most recently, two light refurbishments in Manchester.

The finance provider has found the opportunity to work with new brokers as it grows its regional coverage and is soon to announce a new regional BDM hire.

Philip Gould, principal at Avamore, is now based in Sheffield, which ensures senior support over transactions, particularly in the North. 

“Avamore’s growth into new regions comes at a particularly interesting time,” Philip said.

“2021 has been a positive year so far and it has allowed us to build new relationships and explore new opportunities. 

“What these transactions have highlighted is the level of work we do internally as a team to understand the true story behind a deal. 

“While we will increasingly need to rely on service providers to help us understand new areas and regional pockets, we will always work with our broker partners and ensure that we, as a lender, understand the strength of the scheme in order to get the deal done for the borrower. 

“We are looking forward to completing many more transactions in new regions over the coming months.”

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